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: larry who wrote (37896)	2/15/2000 12:30:00 PM
From: The Duke of URL©	Read Replies (2) of 74651

Momo will eventually kill great companies, I bet you that you will find that the reverse is true. Momo is a zero sum game. Not only that, you must subtract the "take". The cost of the commission, and the interest on the margin. It is my impression that eventually the momo guys get wiped out looking for the next Qcom or Orcl or Aol. Eventually, Momo guys get augmented by the Chat Board Pumper Dumpers seeking to tilt the otherwise random momo in their favor. The problem with that is that eventually there is no 'honor among thieves' and the mini-convergence eventually falls apart. The first sign of this may be when the new hot IPOs start fizzling. There is nothing like a big loss in the group to break up that 'old gang of mine'. That is not to say that momolessness will not lower the stock of a good company who's stock has gotten ahead of itself, but it will not 'kill' the company. The recent Biotech surge is nothing more than a desperate guess to see which stock is going to be next. Very hard to do. I think that '99 was a momo year. I think that in 2000 we will find that the momentum has gone out of momentum. JMO.

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