JMills' Center of Trades and News Message Board

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Strategies & Market Trends : JMills' Center of Trades and News

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To: Chi-X who wrote (1)	1/18/1997 10:39:00 AM
From: Jeff Mills	of 57

Thanks Chi for the kind words-- After hours trading was interesting on MSFT. As soon as the $0.57 cent number was released on Dow Jones, traders quickly pushed MSFT up to $89. However, about 2-3 minutes later, when the headlines warning of slower earnings growth hit, the stock quickly plummeted to $86-$87. Seems as if traders got a little INTC inside of them and put downside pressure on the stock. MSFT on Monday could be a lot like INTC was on Wednesday--however, perhaps it will not be as bad as people have the weekend to digest the news and make their decisions. Market is open for a full day on Monday, even though most schools and banks, etc are closed for King Day. NYSE, Nasdaq, and AMEX are all open from 9:30-4:00 EDT. More later. Mills.

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