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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: taxman who wrote (20569)4/15/1999 10:34:00 AM
From: t2  Read Replies (2) of 74651
 
taxman, I was a the gym this morning seeing those big gains in the Nasdq on TV. Had a feeling it could not last. Just checked some quotes a few minutes ago. I was expecting MSFT around 83---surprised to see 85.

It looks like a internet stock selloff today. I am just glad I got out of CMGI a few days ago----bought Yahoo 2 days ago and sold most of it yesterday fearing a correction in net stocks---unloaded 80% of my ATHM in the last 3 days.

Got out of Intel and MSFT in a big way already but will be in soon but no options unless we see 80 in MSFT (don't think will happen). Finally the message is getting out that Internet stocks are not a "safe haven". That should only help MSFT. I plan to buy a lot of MSFT shares--want them at 83 by this afternoon.

That is why I am relaxed. Feel lucky to get out yesterday and the day before--especially out of the nets.
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