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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: Catcher who wrote (15580)2/6/1999 1:41:00 AM
From: t2  Read Replies (1) of 74651
 
Catcher, If the selling pressure on Naz subsides, Dell should outperform MSFT now until a day or two before earnings release.

I am very cautious about it the last 2 days before earnings simply because there are a lot of managers out there who think Dell will drop post earnings just like the rest of the techs did (except MSFT of course).
Remember how MSFT caused such a build up of expectations leading into IBM's earnings--which did not impress and IBM got hit.
Dell may be an exception--- I am just hoping to unload the rest of my Dell options (Februaries) 2 to 3 days before.

However, factors other than earnings might actually push the stock before and after earnings----IBM rumors; new Dell auction site I have been reading about---some sort of new internet related activity.
Michael Dell wants the stock to go up and will whatever it takes to accomplish this.
Personally, i think the earnings are going to be great but last quarter sure cast some doubts not upon the revenue but the EPS due to price cuts among PC makers. Of course a company like MSFT did not cut prices on Windows98.

Catcher, I am just hoping for the best---Once the selling subsides, it could move up very fast to 110 (all it takes is a couple of 5 point days) and beyond at which time i will unload my Februaries.

JMHO
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