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Technology Stocks : How high will Microsoft fly?
MSFT 473.99+0.4%Nov 24 3:59 PM EST

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To: Sir Francis Drake who wrote (24024)6/11/1999 2:07:00 PM
From: t2  Read Replies (3) of 74651
 
Morgan, It is not only you having trouble with this market. I had bought MSFT at 78 1/2 and 79 in 1k share lots today hoping for a quick rebound. I am starting to have doubts. Same thing with PFE---I just decided to stop trading it yesterday (reducing my position with losses)and just keep a long position.

The market has been very unpredictable. Hopefully all the negative news is out of the way.

The only positive(?) for me is that I had not jumped into short term options in a big way----decided to keep things under control with only in the money july 70 calls.. However, I will be tempted next week or just before close today. People want to be able to beat others to the punch--i think.

Even MSFT, one of the most predictable, has been rallying when i thought it would drop and vice versa. My point is that if I feel MSFT will rally Monday or Tuesday---that means it should close up today.

The bond is what is killing the market and who knows--we could see our first big crash today--hope not.
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