How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.37

+0.5%

11:08 AM EST

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To: Sir Francis Drake who wrote (26865)	7/20/1999 5:21:00 PM
From: t2	Read Replies (1) of 74651

Morgan, I learned a good lesson today. You can't be long a stock like MSFT and be bearish on the market as a whole. It has to really be one or the other. I guess i just had a mental block that stopped me going negative on the stock---i have been going with my heart on this company and using logic to evaluate the rest of the market. It is a pyschological factor i have just overcome today (i think). Did not bother to try my short term options daytrade after MSFT dropped so much. Instead, hedged a little bit. I increased my short on the Dow index---did not get the chance to the get the QQQ (or my target Sunw) as the Nasdaq moved down a lot faster than the Dow. Settled for the Dow and got in at a good time. Still hoping for a bounce in the Nasdaq to go short on some stocks or the index (will avoid MSFT directly as my mental block might effect my trading). I am expecting the selloff will be rapid---so we get to some flat trading period. Who knows---the big drops could be over by the end of July on a short term basis. BTW--Still expecting a MSFT bounce back going into the analyst meeting but maybe i am thinking with my heart again.

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