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: taxman who wrote (22057)	5/4/1999 6:55:00 PM
From: Sir Francis Drake	Read Replies (2) of 74651

taxman - the 74 level comes up on the charts - there was a fight around the 150 level, and 148 has always been a good bounceback point. It is my understanding that quite a bit of institutional money would come in at that level (buy programs). Mutual funds have models which set buy and sell levels. Given MSFT's earnings and profit profile, this is a given. The only fly in the ointment is the stupid trial - and of course if the market is very nasty, the 74 level may not hold, in which case 67 1/2 is a very strong support level.

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