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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Teflon who wrote (23906)6/9/1999 4:11:00 PM
From: Sir Francis Drake  Read Replies (2) | Respond to of 74651
 
Well, MSFT certainly closed together with the market - I bet there was quite a bit of short covering too, I know I covered my CMGI short in a hurry (102 9/16)<g>. Some of my other positions worked out too (QCOM) - too bad I wasn't trading SFE - closed at the high of the day - very nice.

The market is indeed searching for direction - which is why you get this manic/depressive type swings (and look at the $COMPX/$INDU discrepancy!). Of course naz has been technically oversold compared to the NYSE recently.

Good time to make some $.

Morgan