Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: miraje who wrote (3866)	10/29/1997 12:11:00 PM
From: vinod Khurana	Read Replies (1) \| Respond to of 74651

MSFT has attempted to cross the 50 day Moving average four times since Aug. 15th and all times failing to hold above it. If you take a look at the other tech stocks including IBM, INTC, CPQ, SUNW, NOVL etc... including the DJIA and Nasdaq Composite, you will notice sharp drops from the 50 day MA. It is only a matter of time before the street hits MSFT with the same. As a a matter of fact, I believe that MSFT is more suspectable to a big decline than any other stock from its current levels. I would not be surprised to see a big drop to the $115 level anytime soon. The party is over and its back to the basics. I just bought some Nov 130 puts this morming at $2 3/4. The big drop in MSFT is coming. It is no longer "afraid" to go below the $130 level. Next trading range in my opinion: $115 - $130. Great time for trading back and fouth. Good luck to all. V.K