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Technology Stocks : How high will Microsoft fly?
MSFT 472.22-1.3%Nov 21 3:59 PM EST

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To: Matteo who wrote (30758)10/19/1999 10:56:00 AM
From: t2  Read Replies (3) of 74651
 
Matteo, Good move on call buying this morning. Planning on holding beyond today?
I decided to pick up shares instead. I feel that all the negativity has depressed the stock price so much that an "in line" earnings number will not cause a selloff (or at least a significant one). Beating numbers might put us over 90 again. As we go towards month end, a rebound in MSFT appears to be a pretty good bet--even if it sells off on earnings. I doubt it will underperform other techs stocks anymore and could possibly do better.
That is why i felt i had made a mistake by selling shares yesterday. Well it turned out good as i got to pick them up today.

I get the feeling that the sidelines cash is about to enter the market shortly-----why wait until November to get in? Should create a bit of rush for mutual funds to start using some cash. MSFT will probably be one of the stocks in most demand.
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