How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: johnd who wrote (15573)	2/5/1999 7:20:00 PM
From: t2	Read Replies (1) of 74651

Johnd, I think we may be hitting a bottom for this selloff. Maybe give it until Monday before this "tech wreck" is over. However we have hit bottom for MSFT (i think). I think there are just too many mutual funds that don't have a sizable position in this stock. This is why they have underperformed the index in the past (part of the reason). Maybe they want to be overweighted in MSFT. Everybody know what this stock is going to do leading up to earnings. Around 200 near end of March (pre-split of course). For this reason--I don't think it can move below 155 short term. The closing price of 160 is a bottom IMHO.

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