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

To: Teflon who wrote (24542)	6/21/1999 7:51:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

If you notice, I did end that post with: in any short term trading strategy over the next three weeks. So please, t2k, give me some credit!!! Sorry Teflon. I did not notice you had mentioned short term trading. Basically that is a caution for people like me. Like i stated before, a big (and very explosive) rally means a shorter duration. That would mean we could be ready for a correction before MSFT even releases its earnings. If the rally stalls here for a little while(a week or so)then we could see a big (but not explosive) rally head well into July. However, MSFT is a very special stock. Even if the market sells off, goods news from the trial (or even the expected news) would mean it would not decline as much as the general if we get a correction in July or August. Of course all this is based upon a sustained upturn for at least the next couple of weeks. I am waiting for about 95 before getting out of my July calls. Don't plan to add shares or sell shares after that. BTW--Strange how we are already discussing the eventual correct even before we see the follow through of this rally. Wow, that is a lot of confidence in the direction of the market in the short term.