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Technology Stocks : How high will Microsoft fly?
MSFT 471.22-1.5%10:09 AM EST

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To: larry who wrote (18650)3/23/1999 6:17:00 PM
From: Teflon  Read Replies (1) of 74651
 
--OT--

Listen guys (and gals, if applicable), if DELL goes low enough, the momentum traders are going to pounce on it like no tomorrow. That's a fact. And if DELL and the market keeps retreating at this pace, it will happen sooner rather than later.

I see DELL needing to touch the 33-34 area before this happens, but it may not trade that far down.

The good news is that this should help the overall market in the near term, and that is what I am interested in. As I have said over and over, the Street is going to require DELL to reinstate CONFIDENCE before any analyst gives them the benefit of the doubt like they have in times past. THIS IS A FACT. Too many reputations were laid to waste with DELL's last Q.

Let's just pray that DELL does not preannounce any time soon. Regardless of how cheap their stock is, this would KILL the Market.

The analyst's downgrade/revision has already set the ball in motion...

Teflon
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