How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

3:59 PM EST

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To: t2 who wrote (20132)	4/9/1999 10:26:00 AM
From: Teflon	Read Replies (2) of 74651

It is not uncommon for MSFT to do the old "fake left, go right" during a day's course of trading. When it starts off the trading day gapping down and then finishing the day on the plus side (usually only after a bullish run in the last hour or two), and this trend occurs over the course of a couple of days, it has typically signaled the beginning of another leg up. Today's trading will demonstrate if this pattern that started to develop yesterday is carried through. I have a feeling that I am running out of time on my decision to buy those May 105 calls. MSFT is likely to break in one direction or the other in the short term. My only major concern regarding the overall market is this rhetoric coming out of Russia about involvement in Kosovo. I don't care how bullish you are, this news is not good for the market. Teflon

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