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


To: Captain Jack who wrote (43130)4/24/2000 10:47:00 AM
From: Exacctnt  Read Replies (2) | Respond to of 74651
 
with 59 mil traded it seems some mutual funds are bailing already.

That's right, and taken a $10-13 hit on valuation. Any fund that held MSFT on Friday has its valuation lowered regardless if they sold today or not. Losses in MSFT's stock price is affecting millions of investors. Doesn't matter if DOJ is right or wrong. Also, if the market deems that triple digit PE's are too excessive and should be adjusted, then no stock is immune.