How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

3:59 PM EST

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To: Sir Francis Drake who wrote (23390)	5/28/1999 12:08:00 PM
From: johnd	Read Replies (2) of 74651

The June quarter should be quite solid in my opinion. I expect 5 - 5.2 Billion in revenues and about 40 - 43c in eps. That would be 60 - 70% eps growth. I expect the stock to get back to 70+ pe (times 1.43) or ~100+ by July. I have 87.5, 80, 70 July calls that I bought in early Feb and will expire or go at loss unless it closes above 98 before July. I don't want to put anymore money to these short term options now, as risk is high. But will wait and sell out if and when msft hits 100 - 110 target by July expiration. My feeling is that msft will go up to 100 - 110 by July and then retreat back to the low 80s again by fall, when I expect a severe correction in overall market.

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