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Technology Stocks : How high will Microsoft fly?
MSFT 488.96-0.6%1:53 PM EST
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To: DownSouth who wrote (19535)4/2/1999 10:05:00 AM
From: Teflon  Read Replies (1) of 74651
 
DS, News ALWAYS overrides TA.

And right now, there's a lot of news out there that's got people nervous. I see a ground war coming, Clinton just needs the polls to tell him that more than 50.1% of the American people support it, and then he gives the green light. Unfortunately it's the way decisions in politics get made these days.

But enough politics from me, the market is very skittish right now and is lacking direction. I still have my trading $$$ in cash and will wait for the right dip to play the MSFT May 105 Calls. Right now its a matter of timing. LindyBill has convinced me that QCOM will be getting some attention in the near future as well.

Many institutional investors are selling right now. There's a growing consensus that consolidation will effect the market in the near term. This is a healthy thing, and frankly the break in the action lets me sleep well over the weekend. This week will be important as we start focusing on earnings. I do expect to invest my trading $$$ within the next two weeks, and I will keep the Group apprised of my every move.

Whether I win or lose, I don't mind being graded on my decisions, it makes me a better investor in the long run.

Teflon
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