How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 476.93

+0.6%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: freeus who wrote (15942)	2/13/1999 7:22:00 PM
From: t2	Read Replies (2) of 74651

Friday's (Feb 12) IBD on page B3 has a table of the most bought new stocks in the top rated mutual funds. Msft is number one in both categories: most new money put into these fine funds and most number of funds that put money into msft: 152 funds put money into msft and 6056 million dollars was invested in msft. (This table is in IBD every month so I'm assuming its a months worth of buying). By the way msft is still 94 relative strength rank and 99 earnings per share rank (99 is the top number) on IBD's ratings. Freeus, Thanks for great information. I stopped reading financial newspapers long time ago but maybe I should reconsider. It is no surprise that mutual funds want this stock. I believe a lot of funds that had stocks like IBM as their biggest tech holdings, realize that MSFT is on a roll, and are doing some shuffling. Considering the concerns over pricing in the PC industry, you can bet a lot of managers want to get into the dominant companies with little competition, ie microsoft and intel. These two also had the best earnings surprises in January. The downside resistance in MSFT is pretty strong at these levels. Just too much buyer interest. We will see 200 (100 post split) by end of March or early April as this buying intensifies. The funds are taking the current volatility to add while the momentum investors will push the stock up very fast at that time because there won't be many big sellers. A lot of people see the possible break up as a bonus. Earnings growth last quarter 74% without a big release of a new product in that quarter. I wonder what impact, Office2000 will have in the next quarter. The stock just looks too good to me!!!!! BTW--I keep thinking about that options station commercial about the explosive move in MSFT. We will witness it again!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next