How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.71

-0.1%

Dec 26 9:30 AM EST

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To: RTev who wrote (20527)	4/14/1999 3:40:00 PM
From: t2	Read Replies (2) of 74651

Rtev, That is an interesting article. It seems that the whole PC sector is going to face challenges, if you are reading the market sentiment of past few days. Even if all these companies grow in this market, the long term prospects seemed to be questioned by the market----no matter how reassuring Intel is in stating the slowdown is normal and seasonal. Intel may be accurate but for today and possibly a few more days, nobody is believing it. Considering that some don't believe that it is just seasonal factor, it is creating a lot of selling pressure in any PC related stocks. I sold a lot of Intel and MSFT today. Not willing to stay overexposed in this sector while we have so many sellers waiting for any opportunity to get rid of their shares in the sector. IMHO, MSFT will be the stock to own but short term, we could have problems. I unloaded a lot more April calls than I bought in May calls. Little exposure to options for myself. I am just waiting for more of a selloff before committing new funds in this sector. At this point not sure if I would pick a boxmaker. The only logical choice would be MSFT along with lots in cash or other sectors. Microsoft is a good choice due to Office2k or price competition among PC companies increasing Windows sales. --Then of the course, there is the trial. Very concerned and therefore some defensive positions---cash. Never held so much cash and bonds before. Waiting for sentiment to change before going further into stocks. Unloaded even internet stocks to a large degree. Only significant position I have left is Microsoft with Intel but over 60% in cash and bonds, 15% in mutual funds and the balance in MSFT/Intel along with a few others. It looks like Intel may be the remaining safe stock for a few days due to its valuation.

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