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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 12:59 PM EST

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To: johnd who wrote (13371)12/20/1998 9:34:00 PM
From: ed  Read Replies (1) of 74651
 
Johnd,

Sure for each seller , there is a buyer at the same price , so the net flow of money is "0".

What I am saying is now there are more shares offered to be sold at the top price on these internet stocks than shares people want to buy, so the bid/ask will trend lower.
That means the total market value of these internet stock will keep dropping.
Those sold at higher price actually sucked money from the internet stock, and these money will go to the blue chip high tech stocks , that what I called money flow.
Of course , the total amount of money in the market available to buy stock will
drop year by year, because IRS suck 30% of the profit , say equals to 5% of the available money from the market every year.
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