How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: Teflon who wrote (29332)	9/9/1999 5:10:00 PM
From: t2	Read Replies (2) of 74651

Anybody have ideas on why the market just shot up late day. Here is my guess: I think the short sellers are still trying to play the interest rate/inflation fears and hope investors (retail and intitutional)will jump on board and dump their shares causing for a big drop in the markets. There could also be the mutual funds who are trying to increase cash expecting a drop. What happens? No panic and no sellers. These guys start covering todays (and positions for the last little while) positions with a puzzled look on their faces. The mutual funds stop selling and maybe even buying in different sectors. I had tried the same plan early August and ended up bewildered. I then came to my senses and realized that there are just too many bargain hunters waiting for any chance to get in on weakness. The Y2K fear factor is probably already priced in the stock market---possibly even overdone. That is why i feel a huge rally should be coming leading upto Y2K. Just my guess.

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