How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: Al Bearse who started this subject	3/1/2001 1:27:42 PM
From: David Howe	Read Replies (1) of 74651

Well, the market has failed to rally off of the recent lows. AG didn't cut rates and the recent lows didn't hold. 2100 has just now broken. My guess is that the selling of equities will accelerate and some time in the next couple of weeks we'll see Nasdaq 1800 or thereabouts. At that point their should be some kind of climactic event (ie. volume or bearishness spike) and real buying will return. AG should then lower rates. That's the next rally opportunity that will be worth buying, IMO. Anyone else think this scenario is likely? MSFT of course will be pulled lower. The shorts will make money and they will think it's because of fundamental issues with MSFT. They are wrong, IMO. It's the market and the overall economy that are making shorting a profitable sport. Dave

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