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Technology Stocks : How high will Microsoft fly?
MSFT 483.03+0.5%3:59 PM EST

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To: blankmind who wrote (19392)3/31/1999 1:37:00 PM
From: Teflon  Read Replies (1) of 74651
 
MSFT's stock and the market looks tired to me.

I am starting to think we may get an opportunistic pull back in the near future.

I am the biggest MSFT Bull out there, but MSFT will not hit 100 this week. I would change focus and start thinking about the next entry point one might jump on to pick up more shares or buy into some Call options.

Watching MSFT is like watching my GE shares. Looks like the weight of all those shares outstanding is starting to slow down the swings of the stock in both directions.

I wonder if this will change as the trading volume trends down some??

FYI, trading LEAPs is like trading any other option, you need to wait for the right point in the charts to buy in, and this is a tough time to make a "sound" judgement on MSFT in either direction. Be careful.

Teflon
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