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


To: Uncle Frank who wrote (25065)6/29/1999 4:12:00 PM
From: Teflon  Read Replies (1) | Respond to of 74651
 
Uncle Frank, how about two days in a row????

I am looking for some brief profit taking on the NASDAQ at the open, but I think the buying will pick up pace today with MSFT again being one of the leaders. The rest of this week should be a very interesting ride.

Note that the Market followed this pattern to the tee, today. The volume picked up in the afternoon after the buyers realized the selling in the market was not going to accelerate. The Market and MSFT are just waiting to paste a new high.

Teflon



To: Uncle Frank who wrote (25065)6/30/1999 2:24:00 PM
From: Teflon  Read Replies (1) | Respond to of 74651
 
Uncle Frank, that's 3 for 3:

Message 10327596

Believe it or not, I've been up all night reading the wires and stewing over this FED move. I think I have convinced myself that the FED might play a fast one on us and change the bias to "nuetral" after nudging up the Fed Funds Rate.

If this happens, the Markets will fly. Every time the FED has made a rate change since '94, based on what I've been able to uncover, the Fed has moved its bias to "nuetral".

What a gift this would be if history holds true today.


I WILL BE PARTYING IN THE STREETS TONIGHT!!!!!

Teflon



To: Uncle Frank who wrote (25065)6/30/1999 3:22:00 PM
From: Teflon  Respond to of 74651
 
Actually, Uncle Frank, it's more like 4 for 4!!!:

posted at 6:57 am this morning...
Message 10327662

Understanding that the S&P Futures are currently 6 points below fair value, I am going to go out on a limb here and suggest that the tech Market is GOING TO ROCK today.

Just in case you were keeping score<ggg>

Teflon