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

To: Gerald Walls who wrote (12615)	11/25/1998 6:07:00 PM
From: X-Ray Man	Respond to of 74651

Look, MSFT is a bull stock, a long-term momentum thingee. So, when news can be interpreted in a positive way, it will be. Two things are thus buoying MSFT right now: general bullishness on the street on overall economy including brighter outlook for PC market, and the interpretation by MSFT supporters that the recent AOL/Netscape merger will undermine the lawsuit. If they are right, MSFT will continue climbing for near future. If it becomes apparent that the DOJ is likely to prevail, combined with any economic slowdown, then MSFT will slide back. Short term, it is all perception.