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

To: giddy guru who wrote (5541)	3/24/1998 8:55:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 74651

It's always hard to pick a peak. For April, I would say that $95 will probably be seen (I'd give it about an 80% chance). However, I would not expect to see MSFT break $100 in April. I think April, for the markets in general may be rough. By Friday of next week I will have no close in option exposure. I think we are in for a short downturn. The Money Managers have had an unprecedented amount of cash inflows during the firs two months of this year. They are investing now and getting their window dressings in order to have things look nice for the first quarter's portfolio and returns. I think they will start bailing in April due to the excesses and start reentering in late April and early May. I plan to have cash on hand to pick up the bargins in April and early May Good Luck, Brian