Longer term, next 2-3 years, I'm very optimistic about MSFT. And I am optimistic about the shareprice in the year 2000.
Shorter term, we are in for some rough times.
Actually, as long as MSFT does not break 67 1/2 (which I really don't forsee, short of some huge general market calamity), I think this retreat will be very healthy for MSFT. Even a decline to 74, and as low as 67 1/2, is good consolidation. I'm very, very pleased from a longer point of view. MSFT is moving up in a sustainable way, and that is very important. The p/e may decline somewhat, but I say, you will be very happy to hold MSFT in the year 2000. We will go up, significantly next year. I'll go out on a limb, and project 140s April 2000 - from everything that I see, this is not too wild a projection.
Stay long, and strong. You may want to protect your MSFT holdings for the near future, but further down the road... it's good to be a MSFT long! |
