How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: Teflon who wrote (22444)	5/10/1999 12:38:00 PM
From: Brian Malloy	Read Replies (2) of 74651

Agreed, I try to pay attention to fundamentals and technicals. The fundamentals have me holding the first MSFT shares that I purchased in 1991, four splits later, but the technical had me pick up MSFT calls on Friday for a shorter term profit potential. Breaking $80 today is good. Hopefully we can close at or above $80. We will have resistance going up to $88 but once cleared we can move rapidly to $95 level then on to new highs. Near term I think we can get to $85 this week if CSCO and DELL come through. I just can not help myself ;-) -Technically, I start to see a new pennant forming signaling upside potential and I just saw a retest and bounce of the lows with a kinda sloppy looking W formation building. -More on the Fundamental side, as an observer and holder of MSFT over the past nine years, when MSFT is 20% off its hold high its time to buy or at least take a nibble. IMHO

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