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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Offshore who wrote (26557)	7/18/1999 3:57:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

Offshore - I don't even know why I'm posting anymore, since t2K explained it so well :) It's amazing - must be ESP or something, because I agree with him almost 100%. The equity market is at very high valuations right now. A lot of factors are coming together around the fall, which could remove liquidity from the market. MSFT is the most prominent, widely held, liquid stock, and a very tempting target to pull profits from (and for some, perhaps even short). There is no problem inherent in MSFT itself, but market conditions is what concerns me. I imagine a good recovery for softie, but I don't see it moving to a top, until it hits somewhere in the vicinity of $140, around April 2K. Morgan