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: Catcher who wrote (15580)	2/6/1999 12:55:00 AM
From: Lee Martin	Read Replies (1) of 74651

Catcher, Let me throw in my .02 on the MSFT/DELL question. IMHO DELL will have to get above 120 to have ANY chance of a split announcement with earnings. The momo boys have got 6 days to push the stock 20 pts. against negative sentiment especially toward bellwhether techs. I've seen sentiment turn on a dime (ie. last week!) so I know next week we could be kicking butt again, but I just don't think the momo guys will be able to pull it off. DELL management has probably already considered a split and decided not to due to the volatility in the stock (upward) and the market (downward) lately. Once the folks ramping the stock hoping for a split begin to realize it ain't gonna happen, they will bail. I'm not saying DELL won't announce a split in the next couple of months, I'm just saying I don't think it's going to come with earnings, and when it doesn't the stock will get a haircut starting FEB 17. Now to MSFT. It bounced off the 26 day MA today on strong volume. Also if you draw a straight line through the lows since OCT 8, you will see we are right on that line which should be strong support. MSFT is also down 9% which should be enough to discount the temporary bad news/sentiment due to the trial. Don't think that the smart $$ has forgotten all the good news that came with the last earnings report. MSFT is Fido's second largest holding last I heard. Funds wanting to beat the S&P this year will have to add more MSFT and AOL. Bottom line: Short term MSFT at 160 or DELL at 100? I'd have to put my $$ on MSFT now and buy DELL after the post earnings haircut I see coming. Long term both will continue to be huge winners. Regards,Lee

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