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

To: Jill who wrote (28658)8/25/1999 8:57:00 AM
From: Teflon  Read Replies (1) | Respond to of 74651
 
Since I've been getting several PMs from folks asking me where I think MSFT is headed, I just decided I'd post my brief but specific thought on the matter here for the public to see.

MSFT will move higher --> ***MUCH HIGHER*** --> in my opinion. I do not think we will trade down to the 77-78 level that many were hoping for, and I see substantial strength in the stock over the near term that should take us to a new all time high by the end of September. This rally in MSFT has legs. I do not think MSFT will see the 70s again until after its next split, and if you've been waiting to buy, I wouldn't get too caught up in trying to save a couple of points. Over the long term, it just won't matter.

This rally will continue.
Just my opinions as always.
Teflon



To: Jill who wrote (28658)8/25/1999 9:04:00 AM
From: Teflon  Read Replies (1) | Respond to of 74651
 
<OT>Jill, as a little learning experiment, keep an eye on CNET as we head into the end of the year. It's going to be fascinating to watch the trading in some of the net stocks (and psuedo net stocks like CNET) as we turn down the backstretch and head towards the holiday season with no additional FED hikes likely by the end of the year.

This precedent could be used as a very profitable trading pattern next year if this scenario does indeed play out.

Teflon


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