How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 473.32

-0.3%

9:34 AM EST

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To: Thunder who wrote (56151)	2/23/2001 8:00:30 PM
From: Valley Girl	Read Replies (3) of 74651

Never thought we'd see this sort of grinding bear. Truth is I've been mostly in cash equivalents since the middle of last year and so I haven't been watching the market very much recently. I'm due to check in with my technical chaps next week, if I hear anything I'll let you know, not that the information will be worth much. My intuition is that we've not seen the bottom until we see a selling climax, whereas this has been a very orderly year-long downtrend, which still seems to be intact. I'd bet a case of Cooper's that we need to retest 2000. Another round of stagflationary economic data and 1400 is not out of the question now. I almost started to buy ahead of the Greenspan rally but decided to wait and see what effect, if any, the California energy situation was going to have. It's hard to imagine that petrol prices tripling, gas prices quadrupling, and electricity prices rising tenfold was not going to have an adverse impact on the economy and therefore tech stocks. Now I'm glad to just troll along in treasuries and see what develops. Cheers! VG

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