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: Sir Francis Drake who wrote (28170)	8/13/1999 3:53:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

SFD,T2K,Larry,Brian,Sonki,PW,Teflon,Ed,RTev,and others: I was on vacation for a few days. Before the vacation, I had placed limit order to buyback at 82 and all of it got filled. I see that MSFT hit a low of 81.75 or so. Now I am 100% back in terms of MSFT holding. I feel good about this buy point from a one - two year return point of view. Short term, I feel there is still risk of seeing MSFT in the high 70s. The DOW and NASDAQ is still way too high and close to their peaks. MSFT is down about 15 - 18% from its peak of 100, while DOW and NASDAQ are only down 5% - 10%. There is high risk of seeing a 15 - 20% decline on DOW and NASDAQ and that decline pulling MSFT lower. My gut says we will could see some severe correction and MSFT potentially in 70s sometime in Sept - October or sometime in December. I am not going to hold any LONG position for 99 liquidation. All my LONGs are with time horizon beyond Jan 00.