How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

3:59 PM EST

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To: Teflon who wrote (29501)	9/15/1999 12:08:00 PM
From: codawg	Read Replies (2) of 74651

Tef, You're right about many people being short. An article in thestreet.com yesterday said that 9 of the 10 highest open interest Sept OEX contracts are puts. This is a contrarian indicator and means that as the week draws to a close, there should be large upward pressure on stocks. However, the selloff today is also driven by the bond market. I've gotta say that the bond action surprises me. Inflation doesn't exist and hasn't for years.

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