How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 425.04

-1.2%

1:16 PM EST

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To: limtex who wrote (27151)	7/22/1999 9:18:00 PM
From: t2	Read Replies (1) of 74651

hi limtex, I have been busy and have not been able to watch the moment to moment moves of the market. I also find it difficult not have CNBC available this week to get a sense for what is happening. Like i have been saying, it just seems there is no reason for the market to go up. It is the same pattern we have seen before but we just have this Y2K paranoia possibility added to the equation. Another reason for the traditional bears (with a vengeance) to come out of hiding and wreck havoc on this market. Now they are joined by some bulls who also feel there is no reason for the market to go up. There seems to to be no logic but the market as we have seen is not very rational anyways. I am basically going with the flow for a little while. Definately don't see myself going into call options even if we correct 10% from current levels. When i feel very uncertain, i prefer to not be making big bets. After reading story from the analyst conference, i am actually considering hedging my MSFT position even more or sell some shares---even though i said i would not earlier. On the bright side, it emphasizes MSFT's position that it is a very competitive environment. Good Luck.

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