How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 492.06

+0.2%

Dec 9 3:59 PM EST

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To: werefrog who wrote (44669)	5/10/2000 10:46:00 PM
From: Jacob Snyder	Read Replies (1) of 74651

Agread, at least on 65 = support. It's encouraging that 65 held today, especially at the close. But volume was light. I expect selling pressure to continue, which means buyers (and higher volume) better show up, or we're going to fall off another cliff (gap-down). If we break 65, and you try to sell, you may find yourself suddenly selling in the 50s. I'm not clever enough to trade the range on this stock, and all those gaps through short-term support (since the 12/99 high) scare me. So I'll just hold what I have, and buy more in increments if the stock goes down further. I might lighten up if we have some rallies unsupported by any good news about the company/industry/market. Based on the initial response to the AMAT report, tomorrow may be bad. It was a good report, but the stock still sinks. Sentiment is very negative.

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