How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.85

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3:59 PM EST

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To: sandeep who wrote (60617)	8/15/2001 3:44:32 PM
From: Dave	Read Replies (1) of 74651

Sandeep, I'm in your camp on this one. Just remember that every sinking market experiences violent rallies. Don't be suckered by those rallies into giving up more of your money. Also, don't expect to time the bottom precisely. Nobody does. The reason the market declines is that on net, people are selling their stocks. They're getting out of the stock market. By the time a real bottom is reached, total participation in the stock market will be very low, so the bottom will be caught by a very small number of investors. That said, I don't expect the market to reach a bottom for at least a couple of years. Probably longer. Notice that the S&P 500 and Dow indices have not yet begun to decline decisively. When they do, in concert with the Nasdaq (and with the U.S. Dollar, as foreign investors scramble to sell off their U.S. holdings), then you can expect to see some acceleration to the downside. Until then, keep your crash helmet securely fastened! Dave

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