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

To: Jill who wrote (28544)	8/23/1999 11:43:00 PM
From: taxman	Read Replies (2) \| Respond to of 74651

from Michael Murphy Editor, Technology Investing After dropping almost 10%, the tech-heavy NASDAQ has been rebounding lately. Is this the beginning of a rally to new heights, or is this just a temporary correction before the decline resumes? That's the question every technology investor is wrestling with and why I'm contacting you today. Many investors were caught off guard by the hit tech stocks have taken recently, but I've been telling readers of my TECHNOLOGY INVESTING letter for months to prepare for a summer sell-off. I don't have a crystal ball, it's just that I've been analyzing tech stocks for 29 years, and this happens almost every year. I think we're about halfway through this year's downturn in tech stocks. The interest rate hike that many expect the Federal Reserve to announce tomorrow could trigger the last leg of this summer's decline. That may scare some people--but it excites me. You see, if you know how to take advantage of the summer slump, you can often make a whole year's worth of profits in just a few weeks. And I've found some terrific technology bargains that I think you should scoop up--at great prices--in the current correction. One of these stocks is Microsoft. As you can imagine, this technology giant rarely gets cheap, but it is now selling for almost 20% less than its 52-week high. What a tremendous opportunity! Investors are always trying to buy the "next Microsoft." Why not buy the real thing? MSFT is so far ahead of its competitors that, despite past returns, its future profit potential is still huge. As the company focuses its efforts on expanding their kingdom to include Internet computing and communications, its future looks brighter than ever. I urge you to buy MSFT up to $85 a share. (If you're a little more adventurous, you could buy half of what you ultimately want to own in MSFT under $85, and try to pick up the rest of your shares under $75 at the bottom of the summer slump.) Sincerely, Michael Murphy Editor, Technology Investing regards