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Technology Stocks : How high will Microsoft fly?
MSFT 485.92+0.4%Dec 19 9:30 AM EST

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To: taxman who wrote (36119)1/6/2000 8:43:00 PM
From: John F. Dowd  Read Replies (1) of 74651
 
taxman: Most of the bozos on CNBC and like shows don't know the difference between accrual acct'g. and cash acct'g. As for dipping into their sales held in reserve the SEC has told MSFT that they MUST be less conservative in holding these revenues back. This is all just the big boys manipulating the markets through the media to get in where they missed. They wanted to have the big tech issues in their portfolios at year end (window dressing). Now they want to get out and get back in at a lower cost. It is the same head fake (rotation) that took place in the summer. Stick with the techs everyone. Of course you will have to be discerning not all techs are equal. MSFT is king! JFD
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