How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

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To: t2 who wrote (30759)	10/19/1999 11:24:00 PM
From: Dwight E. Karlsen	Read Replies (1) of 74651

t2, excellent analysis of sentiment, which is the ultimate influence on buy/hold/sell decisions. This stock has based for a long time, we have already been through a very scary 4-5 day selloff in the overall mkt, and now MSFT comes through with a very nice set of numbers. -- And No Y2K impact seen, per Maffei. Most excellent. >>Beating numbers might put us over 90 again. [already done, after hours] 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.< I was reading this thread last night, and considered buying some MSFT calls, but didn't. Instead I decided to just hang onto my SPX Nov 1250 calls that I bought yesterday (Monday). I wouldn't be surprised to see MSFT close tomorrow at $94 on strong volume -- but perhaps that is irrationally exuberant expectations -- but an MSFT-led tech rally would sure help out the SPX (and the Nasdaq 100, etc).

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