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


To: Sonki who wrote (3999)11/12/1997 2:43:00 PM
From: vinod Khurana  Read Replies (1) | Respond to of 74651
 
Sonki...by the looks of the chart, MSFT has been on a slow downward drift since hitting the high at $150 a few months back.

$125 looks achievable followed by a decline to $117 - $120.
Only problem is that "something" is holding this stock above $130 for some reason or another. Must be the MM's or some large player.

I know I am playing with fire here but I firmly believe the stock is going to continue its downward trend. Next time it has a sharp drop, I'm out of the put options.

V.K

P.S I don't think the DOJ is about to give up on MSFT. That I believe is what will bring the house of cards down.