How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: J Krnjeu who wrote (23257)	5/26/1999 9:21:00 AM
From: Teflon	Read Replies (1) of 74651

JK, I think this correction is healthy for the Market and for MSFT. I believe MSFT corrected early with respect to most of the tech market, and it's nice to see the rest of the sector pull back in line with MSFT. MSFT is showing me strength in its trading and its ability to hold above 76. I may break the 76 support line, but I am hoping it doesn't. I sold a bunch of June Puts yesterday on MSFT and CNET. We shall see where we head from here. I am banking that we start heading higher in the near term...it may take a little more time than I originally thought, however, as the correction seems to be broadening out. The internet sector has corrected almost 40% and hopefully history will repeat itself and the market will rebound to new highs. This has been the case the last three times the internet sector has corrected >30%. Reaching their old highs would be good enough for me at this point!! Also, I am buying more SFE at these levels. Teflon

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