Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: taxman who wrote (21741)	4/27/1999 9:05:00 PM
From: Sir Francis Drake	Respond to of 74651

Thanks, taxman for that post - that is why no matter the small up and down fluctuations of price - MSFT will continue to be a great stock, and a core holding for me. It's great to be a MSFT long :) Morgan

To: taxman who wrote (21741)	4/27/1999 9:14:00 PM
From: Raymond James Norris	Read Replies (1) \| Respond to of 74651

I'm not concerned about today's action in MSFT. So long as the stock manages to put in a higher bottom than 79 7/8. Looking at the chart, we can see an interesting development. MSFT actually broke through its 50 DMA recently. It then rallied to the 20 DMA, the best short term indicator for stocks. It found resistance there which I'm not surprised having broken it a few weeks back. Now, MSFT is trading between the 50 and 20 DMA. My best guess is that the stock will make a higher bottom than the key 79 7/8 at $83. Where did I get that number? It's where the 50 DMA currently rests. For a chart of the above, please visit members.aol.com Conservatively Yours, Raymond J. Norris