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

To: Cory Gault who wrote (21799)	4/28/1999 1:36:00 PM
From: Sir Francis Drake	Respond to of 74651

Cory That doesn't prevent Toy from claiming accurate predictions for himself, every time MSFT declines. Too bad for him, his record is public. Frankly, I'd much rather see MSFT rise, but I'm afraid, for quite some time yet, MSFT will continue to be weak. The only thing that'll move this stock, is some dramatic new initiative from Softie, something to energize the street. This whole shift to cyclicals in the market may be healthy overall, but unfortunately is not a good trend for MSFT. The money that's going into these stocks must come from somewhere - not much of it is 'fresh' money, most is a rotation from other stocks. Many stocks that were leaders for a long time are experiencing profit taking after huge gains. Unless there is the continuing promise of extra-extraordinary growth, many of these will now stagnate. I'm afraid MSFT will fall into the "stagnate" category, unless the make some kind of huge announcement. So, for now, it's time to sit tight with MSFT, and look for trades elsewhere IMO.