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

To: johnd who wrote (48830)8/28/2000 4:44:21 PM
From: alydar  Read Replies (1) | Respond to of 74651
 
<<I think big funds buying. MSFT may be seeing strong W2K and Office2K sales with strong return of corporate buying.>>

Yeah, the big funds are very excited about MSFT right now after doing a dump of their share in the last six months. IMO, the late day surge in MSFT stock was probably a buyback by the company. If MSFT falls much below $70 a share there could be some serious downside risk in the stock.

Thanks, Bob.

OT: JohnD, how old are you?



To: johnd who wrote (48830)8/28/2000 6:30:20 PM
From: sandeep  Respond to of 74651
 
Big players were probably buying MSFT near end of the day just in case the Supreme Court decided after market close to punt the case to the appeals court. Tomorrow morning, they might unwind. Again buy in before EOD. I don't think they figured strong w2k/office2k sales into their buying. IMHO, Microsoft earnings doesn't matter, for now.

Let's see.


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