How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

3:59 PM EST

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To: Uncle Frank who wrote (14938)	1/22/1999 12:08:00 PM
From: johnd	Read Replies (3) of 74651

Uncle Frank, I will take the resident bear or the may be the resident realist. I don't like S&P500 at 28 times forward PE. Its 100 year average is 14. Wall strret hardly focuses on the BIG picture of events. That has lead to people calling for attrocious valuations. SUN at 55 PE, IBM at 40 PE is unheard off and so is 70 PE for microsoft. I am long term solid bull for MSFT. But it will correct before it goes up. How much is hard to predict. But after April 98 earnigs it dipped 15% after July98 earnings it dipped ~30%. oct98 was unusual as the stock as trading at 50 PE after a strong announcement. That was a great buying opportunity. Now, Jan99, it is at 70+ PE and I do expect a correction and a good reentry opportunity for me. msnbc.com

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