How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.82

-0.8%

Dec 15 3:59 PM EST

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To: Dwight E. Karlsen who wrote (26595)	7/18/1999 11:07:00 PM
From: t2	Read Replies (2) of 74651

Dwight, I am only worried about Y2K in the market. In the real world, it should be a non-event. That is why one of the best buying opportunities might be created with people exiting the market for some unknown reason or just paranoia. A decline going into the next couple of months might add to people's anxiety---that is why i would be concerned. This added Y2K fear might result in a bigger correction. If we see significant declines by October, there may not be much downside left beyond that ----we may then see a balance of scared investors and bargain hunters. At some point late this year, could be December (or even November), we should see one great market rally. One important factor to consider is that the market is a discounting mechanism as everyone knows. I personally believe that the discounting is getting better. If the market is expected to be at record levels (or MSFT itself) early in 2000, a 10 to 15% market correction this fall will get fund managers to pick up good companies at great prices. The correction would be very short-lived. The bargain hunters will provide the support. That is why i feel the BEST downside opportunities might only last until end of september. I see this market starting a correction within a week and it may be very rapid----so fast that we could then end up in a trading range and the balance i was talking about.

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