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


To: Richie who wrote (18405)3/21/1999 10:28:00 AM
From: Teflon  Read Replies (3) | Respond to of 74651
 
I am going to go out on a limb here, but my guess for Friday's close is ~ $183-$188. I know I am going to get killed on this one, but this is my gut feel today. There are a lot of things that could drive this range one way or the other (preannouncements from tech bellweathers would hurt), but based on the market landscape as of today and provided things stay fairly "quiet" for the week, this is my prediction for Friday.

Actually, I see potential upside to the $190 area if we catch a break and get some positive news out during the week.

I am quite happy with the market sell off on Friday. This sounds crazy, but imagine all the selling pressure we would be bringing into Monday morning if we closed above 10k and all everyone did this weekend was listen to the "experts" talk about how the market would now sell off. It would have been a negative for the overall market. This is starting to remind me more and more of the markets behavior when we approached the 9k level. And look where we are now...

Ok, ok, bring it on. I am prepared for the onslaught!!!!!

Teflon