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


To: LindyBill who wrote (14101)1/10/1999 6:47:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
LindyBill, I invest in MSFT because of the downside support in this stock. The upside is always limited for a long period of time due to the short interest in this stock. Short sellers won't try shorting an internet stock. They are always betting that the news from the DOJ case will cause selling pressure. As earnings release gets closer, the short sellers will want to close out positions causing a surge in the stock. I am guessing 165 by earnings but feel it could be more due to the short squeeze which is coming soon. The momentum investors will continue jumping on the bandwagon. JMHO.