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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 9:30 AM EST

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To: Catcher who wrote (31225)10/27/1999 9:24:00 PM
From: t2  Read Replies (1) of 74651
 
Catcher, It is basically as Jean just explained in his post. My feeling is that mutual funds should be putting money in the MSFT, INTEL, DELL, and even SUNW type of companies---basically the leaders that have indicated that Y2K is no problem for them. If people feel that the techs are not going anywhere for a while and there is no rush to get in, MSFT is not going far although i am still holding out hope that it will break free from the pack.

Can you imagine how MSFT would be doing without Y2K? Y2K will be over with soon and i can't imagine people will wait until the end of the quarter to get into MSFT------as we know the market is always discounting future events maybe even further out into the future.

I don't know when MSFT starts moving --it all depends upon the demand for the stocks in PC sector as a whole. I think there will be relative strength in MSFT at the very least.

BTW--that morning comment from Goldman Sachs analyst is just so that he does seem important(as explained by JFD earlier). He had suspected Office2k weakness but the earnings did not indicate this. I only wish Microsoft would have made a statement in response saying that Office2k demand is exactly as they had expected. If they really want the stock to gain some momentum, they need to do these things.
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