How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 517.03

-0.2%

9:30 AM EST

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To: Charles Tutt who wrote (26117)	7/15/1999 1:18:00 PM
From: Teflon	Read Replies (1) of 74651

Charles, you obviously need some of Morgan's in depth and detailed posts on the Market mechanics to get you through this. To sum it up succinctly, the major Institutions can typically influence the trading patterns of stocks without actually buying or selling significant blocks of shares. They can bounce around on the bid and the ask side of markets and give "impressions" of where they'd like to play certain issues. The good news for me today, however, is that if the buying volume stays strong with MSFT as it has, at some point many of the Institutions will start to cover their open Call positions. That's when the stock will move. Think this through and I think it will make sense. Teflon

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