How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 510.37

+1.4%

Nov 14 9:30 AM EST

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To: werefrog who wrote (30419)	10/5/1999 4:49:00 PM
From: t2	Read Replies (2) of 74651

James, Good trade on MSFT. Things are about to start moving up very soon on MSFT so i would think it is a bad idea to hold onto MSFT short positions. I played the market long today and came out well ahead but am unwilling to assume short positions on companies like MSFT leading into an earnings period. Maybe just after earnings, it may be a good short although i am not going to try it. IMHO, we are on our way up today. The late day rally to neutral territory tells a lot more than the early morning rally into positive territory. Too much money on the sidelines for bargain hunters to let a selloff pick up steam. Not good shorting conditions, IMHO. The real correction happened leading upto the October. Good Luck.

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