How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: Al Bearse who started this subject	4/6/2001 8:28:19 AM
From: werefrog	Read Replies (3) of 74651

MSFT currant trading range 50.5 to 61.125. One can short near the upper end of this trading range with impunity & go long near the lower end with impunity intil it goes through those prices. MSFT has been going up & down like yo yo in a trading range, perfect for swing traders. My recent posts are nearing 50 points profit & the stock has'nt done anything. I want to make one thing clear, if it goes through 61.125 that would be a breakout long signal and anyone short at that time should cover & go long. Just the opposite if msft trades below 50.5, that would be a short signal. Post 57124 yesterday, buy the first shake of the day shortly after open near 53.5 & sold near the HOD at 57.375 was a swing trade based on futures prices pre market and was NOT a day trade even though I bot & sold intra day. I have a problem with position trading msft at this time, it's not been making money for about 2 yrs, while swing traders are making money daily. Frog

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