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

To: Paul Reuben who wrote (18090)	3/15/1999 7:20:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

I feel that in the short term i.e. from now till summer we could see MSFT go up to 200 - 220 or 100 - 110. But I am concerned about 2nd half of this year. Not about MSFT but about the overall equity market. I think there are a lot of people out there who would liquidate and pull their money out in anticipation of Y2K related crash. In fact I expect severe correction around October. Probably a correction to the extent that MSFT would trade below 50 PE, or 75 - 80, after split. It may take till beginning of Year 2000 for the market to recover, after the Y2K worries start to go away.