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

To: taxman who wrote (22040)	5/4/1999 5:56:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

Longer term, next 2-3 years, I'm very optimistic about MSFT. And I am optimistic about the shareprice in the year 2000. Shorter term, we are in for some rough times. Actually, as long as MSFT does not break 67 1/2 (which I really don't forsee, short of some huge general market calamity), I think this retreat will be very healthy for MSFT. Even a decline to 74, and as low as 67 1/2, is good consolidation. I'm very, very pleased from a longer point of view. MSFT is moving up in a sustainable way, and that is very important. The p/e may decline somewhat, but I say, you will be very happy to hold MSFT in the year 2000. We will go up, significantly next year. I'll go out on a limb, and project 140s April 2000 - from everything that I see, this is not too wild a projection. Stay long, and strong. You may want to protect your MSFT holdings for the near future, but further down the road... it's good to be a MSFT long!