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

To: Bearded One who wrote (4503)	12/25/1997 5:54:00 PM
From: werefrog	Read Replies (2) \| Respond to of 74651

Stocks are ultimately driven long term by earnings. Does not MSFT have record earnings? Short term, stocks are driven by Company News. When a fine stock like MSFT has short term bad news, is this not a good time to buy? I like to play reliable stocks in a good trading range, hence I have been in and out of MSFT at least 4 times since August, buying in low 130's and selling at upper 130's. Since it has broken through the lower end of this trading range I have backed off. Another way to play stocks is bottom fishing which I tend to keep away from but may attempt to bottom fish MSFT. I must disagree with your statement that it is very difficult to predict a move up or down in a stock as I have been in GM, CPQ, DELL etc. Each, short term, trading range plays which work very well if you will just sell at the right time. Good Luck, Jim - Dallas