How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 477.74

-2.5%

3:59 PM EST

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To: John F. Dowd who wrote (44681)	5/11/2000 12:26:00 PM
From: michael97123	Read Replies (2) of 74651

JFD, Rally from oversold condition today. Big day is next week with Greenspan. Whether rates go up 1/4 or 1/2 doesnt concern me. Its the tone from the Fed over the next few weeks. #1 Greenspan's job is to fight RECESSION and the battle against inflation should be to prevent the former. If inflation has to remain a point higher for a brief period to do that so be it. I hope he understands this. #2 Greenspan owes Clinton/Gore a recession free election year and beyond. Actually he will be happier with dems in the WH. They are, I believe, easier for him to handle. Therefore, I think we are at bottom here particularly for tech stocks. Maybe one more try lower and then welcome the bull back.

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