How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: Teflon who wrote (25381)	7/1/1999 3:22:00 PM
From: t2	Read Replies (1) of 74651

teflon, i think individuals "react" to news--maybe even after thinking about it for a day or so. That is, they are probably sending request to their mutual fund companies, telling to switch to equity from bond/money market funds. That would sustain a rally for a few days. That is one reason i feel they will be buying in the last 1/2 hour. They could always wait til tomorrow morning of course. The employment report will be meaningless unless it totally unexpected. People will buy on the news anyways. I feel that the bond won't do well---causing people to switch to equity funds in addition to the cash being used. It may not make sense but neither do internet stocks---it is gonna happen.

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