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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%Nov 14 9:30 AM EST

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To: Sir Francis Drake who wrote (25722)7/8/1999 4:50:00 PM
From: Teflon  Read Replies (1) of 74651
 
Hello Morgan and Gang. What a day.

I am not worried about MSFT as I believe it will set a new high with this Q's earnings - I have said this over and over.

Having said that, I am worried about YHOO's price action today. I don't care what sector you like to invest in, YHOO's trading pattern right now is troublesome. The fact that YHOO has stormed the hill and come up short in setting a new high with the tremendous earnings report that was just announced is a real problem for the internet sector, and I am going to keep an eye out to the rest of the leading net companies as we head further into earnings season.

MSFT also must find a way to break through to a new high with the NASDAQ Market setting records on a daily basis. This will be key for the tech sector as a whole. MSFT is the key for this Market.

Teflon
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