How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

3:59 PM EST

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To: t2 who wrote (26925)	7/20/1999 9:41:00 PM
From: ToySoldier	Read Replies (3) of 74651

Tech! Now your talking! This correction your predicting is likely being magnified by investment players that have developed a Y2K investment strategy and are executing it. The strategy goes possibly like this: "After the summer Q earnings for the bell weather stocks like IBM MSFT INTC etc., get out of the respective stocks until after the Y2K date goes by. Consider buying in right after/around the big event plays out and it looks save to re-enter the tech sector. Look for real good deals on the tech blue chips if it appears to over-correct." The reason these players are picking this Q earnings reporting period as the trigger to their Y2K protection strategy is that the next Q earnings reports would be getting too close to the big event and these players fear that they would get caught up in any sellout strategies played by the Y2K Procrastinator Investors. So I think you are correct that this might be the beginning of a slow long and potentially deep tech sector correction that might not fully recover until Q1/2000. Just my opinions. Toy

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