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

To: John A. Stoops who wrote (60570)	8/14/2001 9:13:34 AM
From: werefrog	Respond to of 74651

MSFT Trading Range 62.9 to 73. My sources indicate a good chance for a market rally from now until end of Aug. If so, MSFT could reach 67.95 easily with a out side chance of reaching near upper end of trading range, but don't expect any breakout for the next 2 months. Many traders I'm in touch with are expecting the markets to put in a double bottom after this rally, touching the lows set last spring, then up. That 62.9 is close to the 200 day MA sandeep mentioned and I don't see any solid support below that until 51.06. I'm looking for MSFT to double from mid Oct low to mid July, 2002, with a intermediate target of 75 by earnings in Jan. Frog