How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.71

-0.1%

Dec 26 9:30 AM EST

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To: t2 who wrote (20549)	4/14/1999 9:49:00 PM
From: J Krnjeu	Read Replies (2) of 74651

Mr. tech2000, We have Microsoft, IBM and Gateway to still report. If they are somewhat positive on their outlook for the future, I think the sector can come back fast. Don't know about a comeback. Since the entire NASDAQ was down 76 points, I feel it was more of a broad sell off. It appears to me that fund managers are starting move money into the financials and energy stocks. If MSFT can come back, I would look for something around 90 and then it to fall. Last year MSFT seemed to hover around 85 - 95 until summer, I think! I do think some May options for the next week might have some value too them. Maybe May 90 or 95, but then I don't know much about options. I believe starting this quarter MSFT will have very good earnings for the next 4 or 5 quarters because of new products releases. I think the momentum has left the tech sector and it maybe a while before the tech sector comes back, a quarter or two or three. Also, some pros think the tech sector is over valued. Hope I'm wrong, would really like to see the techs just keep running. Thank You JK

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