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Technology Stocks : How high will Microsoft fly?
MSFT 511.36+0.5%Nov 12 3:59 PM EST

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To: t2 who wrote (24494)6/21/1999 8:33:00 AM
From: Teflon  Read Replies (1) of 74651
 
I am locked and loaded, t2k.

I am actually considering unloading some of my more "speculative" holdings if this rally is strong enough. My gut tells me this may be the last of the big rallies of 1999. We shall see. At a minimum I will write some calls against many of my internet holdings if I can get the right premium.

The Market sentiment is extremely good right now. A very confident Institutional crowd is eyeballing the tech sector trying to time their entry into the market.

As we talked about two months ago, the Cyclical push is fading and the money is in the early stages of returning to where the action is. It's sort of like being at a Casino, the heavy hitters like to play the tables with the most ACTION. Ah, the tables....but that's another story!

I am very bullish on MSFT right now. The only concern I have is AOL. If it does not maintain positive momentum, it could drag down the tech sector. It is currently down in premarket trading. That may very well change, however.

Teflon
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