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


To: John F. Dowd who wrote (35877)12/30/1999 7:27:00 PM
From: stephan boileau  Read Replies (1) | Respond to of 74651
 
Y2K is almost over, uncertainty will be gone, Msft to soar..

I'm always amazed at how uncertain people are on Msft. It doesn't take much to shake the confidence.

Look at Msft volume. It is pathetic. Almost little to no trades. Stock is stuck in neutral awaiting new year. Don't let this fool you. It is only pausing before it soars in the next 3 weeks.

Msft has always soared before a major product release. The same will apply here. A simple 15% move will bring us close to $ 140.

Concerning money on the sidelines. Pension funds and mutual funds have been absent the last two weeks of december. This goes the same for banks, brokers, insurance companies, etc.

When new year begins this money will be put to work and it will go to big cap names like Msft, Dell, Intc....

Then week later we hear of settlement rumours and then,

run up to earnings....

Good Luck.