How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 474.18

+0.4%

3:32 PM EST

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To: John F. Dowd who wrote (27611)	7/31/1999 11:02:00 AM
From: t2	Read Replies (1) of 74651

Then you t2k,by your own admission, are a part of the problem. You are a derivative you fear their fear JFD, You are right in your assessment. However, i have been encouraged recently with those rallies recently in the Nasdaq after big down days. One thing you need to remember is that individuals may not have any fear until late in the year. That is when they may decide to become defensive and shift their portfolios. On the other hand, institutional investors may be in the process of raising cash so that if there are selloffs, they would jump in and buy at great prices. Maybe that is what the current selloffs have been all about. I am not really afraid of the Y2K problem but what if 10% of the people are?..... I just make cold and calculated decisions. You can bet that by February, stocks like MSFT will be at all time highs. IMHO, it will just be a very rocky road leading to next year in the markets. I plan to have fun(as a trader) in this period. If we see rallies in the near term, i would bet we see a selloff by Fall. I plan to pick up bargains in September and December----this timeframe keeps on changing week to week. Again, I agree with you. Everything feeds upon itself. However, like i said---i am encouraged by the bounce backs in the market, meaning the individual may not be panicking at all. Last week money flowed into stock mutual funds according to CNBC (mid-week).

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