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

To: Jill who wrote (24341)	6/18/1999 10:06:00 AM
From: Teflon	Read Replies (2) \| Respond to of 74651

Jill, with the sell off in the Futures during the final hour before the Market opened and with the big sell off at the open, I got the sense that there was a very large short selling effort launched to try and spook the Market. And though the NASDAQ opened down 20 points, the breadth in the NASDAQ remained positive and some the internets (and AOL) were on the plus side. To me, this was a positive indicator for the day, as well as my fundamental belief that MSFT is buying shares in the open market upon any weakness in an attempt to spur this recent strength in the stock. For the first time in three months I am hoping that the Call holders, not the Call sellers, win out on this expiration day. There is a very bullish tone to the market today, thanks in no small part to MSFT. Don't get me wrong, today will still be a very volatile day. Teflon