How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: t2 who wrote (28229)	8/16/1999 5:37:00 PM
From: Teflon	Read Replies (2) of 74651

Regarding the overall Market, t2k. I know we have talked about this at length before, but I'm in the mood to talk about this some more <ggg>! I am becoming convinced that the much anticipated "September Selloff" may not show up. As we have discussed before, the discounting of information that goes on today in the Market is lightening quick. I think many investors looked at August's earnings release as the perfect platform to sell into good news and beat the September blues, and that's why the Market is having such low volume sessions. Everyone thinks a September selloff is on the way, so folks jumped out in August on very positive earnings news, and now their sitting around waiting for September to get here so they can apply these cash proceeds when the Market sets some nice new bargain lows. Seems to make sense on paper, anyway <g>! The real test of mettle will come tomorrow with the CPI number. If it is Market friendly, we may very well see a rally heading into September. My senses tell me there is a lot of $$$ on the sidelines waiting to come back into the Market, and earnings growth doesn't seem to show signs of slowing down at all, regardless of the horror stories Gates & Company try to spook the Market with! We shall see!!! Teflon

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