How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.83

-1.1%

3:59 PM EST

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To: t2 who wrote (30324)	10/1/1999 7:06:00 PM
From: werefrog	Read Replies (2) of 74651

Last October when things were really looking bad, the market was down 280 points, at about 1pm the fed announced they were cutting interest rates. I got that news early because I was logged on a certain chatroom. At that time I bot DELL, MSFT and a couple others and was up about 5 points on each of them by the days close. I think a time like that will come during this sell off. I've already stated my view on this debacle, but one must be alert for "NEWS" which could change everything. Until the fed meets, I think next week, nothing will change. I have learned to sell all my position trades when I first hear of interest rates going up, and to buy at the first mention of the fed cutting interest rates. Cheers

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