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Technology Stocks : How high will Microsoft fly?
MSFT 480.82+0.6%Dec 4 3:59 PM EST
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To: Teflon who wrote (31305)10/29/1999 5:20:00 AM
From: Frank Ellis Morris  Read Replies (1) of 74651
 
Good Morning Teflon and everyone,

Thanks for all those interesting comments regarding Dell and Microsoft.

Well Greenspan talked and we are still afloat. His comments about the internet was the best out of everything he said and for once the market is taking kind to it. The futures are still high this morning but not as much as it was reported last night. Markets overseas enjoyed good sessions.

Now the interesting point I noticed yesterday that the S+P 500 after establishing a double bottom started to break out of its down trend on robust volume. This is indeed a very good sign. We need to see follow through since often rallies have been short lived and very frustrating to watch most gains taken back in following sessions. Today is the last trading day of the infamous October and yesterday after the bell, AOL declared a 2 for 1 stock split.

There is a ton of cash no 40 tons of cash waiting to come back into this market. Now the only thing we need is for Judge Jackson to show the world that justice is not dead and to take the ball and chain off Microsoft and let them get back to business as usual. Hoping that someday we can look back at February and say that the highs for Microsoft and Dell were nothing as compared to what they will be in the months ahead.

Best Regards
Frank
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