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

To: t2 who wrote (26612)	7/18/1999 11:35:00 PM
From: Sir Francis Drake	Respond to of 74651

t2K - back in the middle of Oct 98, MSFT was at 48 (split adjusted). By April 99, it hit 95, more than a double. If you crash to 70 or even slightly below in Oct of 99, you can easily double by April of 2K, at $140. And the crash from high to low in 98 was not significantly less than a decline for here to 70 would be. I'm not sure MSFT would have broken 100 even if naz was better - the problem was resistance at 100, not the overall enthusiasm of MSFT buyers. Best of luck to you too! Morgan