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

To: John F. Dowd who wrote (24936)	6/25/1999 9:51:00 AM
From: t2	Read Replies (2) \| Respond to of 74651

JFD, I guess you could be right but it really depends upon how long you think the market will just "churn". IMHO, there is very little churning time left. Once that interest rate news is out, there should be an explosive rally leading to earnings. Maybe a good call selling opportunity could arise in July if we get a big rally. Just heard an "expert" on Bloomberg TV that the calls are selling for only 63% of what the puts are. He considered that a good contrarian indicator and expects the market should rally starting Wednesday. I tend to agree but expect the rally to start a little sooner as investors will want to be the first ones in before the rally. Notice how that GDP did not affect the open in the markets. Slightly negative news is not doing much to the market. That (to me) is also a good sign. People are possibly thinking markets are just oversold. Anyways, lets hope MSFT take off.