How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

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To: Sir Francis Drake who wrote (28102)	8/13/1999 3:15:00 PM
From: t2	Read Replies (5) of 74651

OT Hi Morgan, What do you think of today's rally? My opinion is that it won't last. As i just heard on CNBC, it might just be some short covering. I am expecting the mutual funds to start raising cash to guard against redemptions or transfers into money market funds as that could be what they anticipate in the next 2 months leading into October. It would surprise me if the current rally holds even to the close of the markets today---but i am no psychic. I decided to short AOL/AMZN/INTC this morning. In hindsight, intel short was a bad short term move as it is a monopoly without the government on its case. Still to bond mutual funds as my major long term holdings now----more defensive than holding stocks. BTW--what do think of shorting Dell and Hewlett going into their earnings next week. I am thinking of shorting both.

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