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

To: johnd who wrote (44142)	5/2/2000 3:11:00 PM
From: Wayners	Respond to of 74651

I think $60s is some kind of technical analysis backfit from the Nasdaq Composite. The Nasdaq Composite broke above the downtrend line a few days ago. The normal TA pattern is to retest this downtrend line. Meeker knows this, figures out where the Nasdaq is probably going to retest in a day or two and then figures out using historical MSFT Beta in relation to the Nasdaq to figure out where MSFT is likely to be at that point.