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

To: Offshore who wrote (22928)	5/19/1999 4:24:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

As of today, MSFT is my largest holding (buying at 77 1/2 and 79). I was going to sell some on a bounce late afternoon but decided against it. I think the trial had really kept this stock down. However, those comments coming from Jackson on March 31--puts it more into perspective for me. This price, IMHO, is too good to be true and I am not going to take anymore chances being out of this one. Some people are still looking for lower prices but not me. MSFT at 75 or below would just be a very short term drop (if it happens) and would translate into a great, awesome, extraordinary out of the money July call buying opportunity. This stock will be much higher by July. As soon as people realizes that there is nothing new from the rebuttal phase of this trial, we should see a sharp move leading upto earnings. That is , it can't be any worse than the previous phase. They only have room to gain points. Will be adding more soon to get myself to 60% MSFT---35% so far. The downside is just too limited IMHO. It is not a Dell or a Cisco, which have the possibility of getting shot down on earnings. What I mean is that even though some other high growth stocks do better than estimates, there is always uncertainty leading into the earnings. I don't ever recall investors being disappointed by MSFT earnings or even being concerned. IMHO, it ain't gonna be happening anytime soon!!! GO Microsoft!!! BTW--I had a 100 contract July 70 call buy order---did not fill today.