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

To: ed who wrote (13915)	1/7/1999 11:46:00 AM
From: johnd	Read Replies (1) \| Respond to of 74651

Ed I am willing to bet $10,000 with you that MSFT won't hit 300 by end of 1999 and 600 by end of 2000. Want to bet? I will take 10:1 bet. If it gets to the target you say, I will give you 10,000. If not you will give me 1000. I am 100% sure that MSFT won't hit those levels. What history are you referring to? During last 10 years MSFT has gone up about 46%. Considering that last year it went 108%. It may remain flat for the rest of the year, and is likely to go down first before up. People, just do some homework: Go see where Microsoft has been buying back its own shares. May 98 : Average 85 at 54 trailing PE Aug 98 : Average 100 at 55 PE Sep - Dec 98 : My guess is average 110 at about 55 PE Jan - Marc99 : Where will MSFT buy? I think at av. 122 at 55 PE. There is some history. johnd