How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: RTev who wrote (21805)	4/28/1999 6:39:00 PM
From: johnd	Read Replies (2) of 74651

Rtev, The the reason wall street expects internet companies to beat their expectations by wide upside margins is the reason they trade at lofty multiples. AOL: is at 40x sales and 600 PE. it could easily be 1/4 the price or about 40 /share and still at 10x sales and 100PE. AMZN: Only revenues. Increasing losesses. Is trading at 31 times sales. I am starting to see flattening of revenue grwoth rates on all internet companies - YHOO, AOL, AMZN,..it is only a matter of time before we see a serious correction. Could be tomorrow. MSFT is a bit insulated but will still see some sympathatic decline. MSFT has 82 and 67 as it's 50d and 200d moving averages. Somewhere in there is a support level. THe real rock bottom it could hit is 67 in my opinion, which is the 200d moving average. At 67, it still would be at 54PE but I think that would be a great opportunity to buy more.

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