Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: PMS Witch who wrote (26919)	7/20/1999 6:47:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

PMS, For example I was predicting and hoping for 105 and 110 in trying to play with the short term players on this thread. Time and again it is proven that it is diffcult. But in MSFT case one can predict short term prices. For example, I was able to predict when it was at 76 that it will be close to 100 -105 by now. It did reach 100.75. Now I predict that it will be in the range of 74 - 85 during next 1 - 2 months. The only action I am taking on that prediction is that I sold half of position today at 93.5 The reason for my belief, as said earlier: Insider selling will start soon, market correction, DOJ news I could turn out to be wrong and I hope I will be wrong so that

To: PMS Witch who wrote (26919)	7/21/1999 1:37:00 AM
From: Dwight E. Karlsen	Respond to of 74651

>Lately, (last week or so) I've seen posts with $100, $105, and even $110 as near term targets. Today, I've seen $90, and even an $80. ed predicted $120, you didn't see that? :-) sigh. Yes, I was hoping for a more positive reaction to blow-out earnings. But with Maffei so bearish, what could people do but repeat his mantra. I personally feel that Maffei wanted the stock to go down, for some reason. Maybe to give Softie employees a better vesting price, so they wouldn't feel like they missed the train. Maybe Maffei just likes the rush of being able to move the market, and he knew it was primed for a drop. Anyway, he casually quashed the tracking stock rumor, opined about Y2K "uncertainties" (gee, that makes me feel good), emphasized that margins will not go higher, that sales growth would certainly slow...what reason did he leave for investors to remain in the stock for the next several months? I saw none, and decided that the breakout would fail, and then TA and momentum would do the rest. And I feel it will. We will get bounces, but say goodbye to $100-115 range for this cycle. We'll need to retrace to the next support level, then consolidate for awhile. In summary, the near-term momentum has sputtered.