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

To: t2 who wrote (25290)	6/30/1999 5:58:00 PM
From: Robert Brooks	Respond to of 74651

The Post-Mortems on the Day By James J. Cramer 6/30/99 5:36 PM ET The best plans don't survive contact with ... your friends? My desire to get the exquisite buy point, one predicated upon someone being disappointed, was ... early? Slightly off? Maybe not perfect? How about WRONG! Once we knew that there would be no disappointment today, we managed to call an audible -- communicated here simultaneously with the decision -- but we missed some easy pickins'. And I like easy pickins'. I like to buy them when I can, not when I have to. Today I bought them when I had to. We have already had three post-mortems about how we got thrown off by such a friendly Fed. The first was on the fly, saying "Hey, better than we thought. 'Fess up and go." The second, with 15 minutes left, said "drugs and tech" do best in a benign environment. The third was the general recrimination that comes from acknowledging that we were not opportunistic enough and were blinded by concerns about basis points, not bias. In fact, TSC's Editor-in-Chief, Dave Kansas, gave us the heads up that bias could go the better way just last Friday evening in a column that I read because I don't go to the Hamptons! Compounding things was our fear, late in the day, that Microsoft (MSFT:Nasdaq) was going to have some sort of conference call and nobody knew what it was about. That distraction -- the call was benign, or maybe even a little positive -- caught us looking the wrong way during the nanoseconds that you could still get in. Going into a fourth post-mortem now. Lotta recriminations for a decent day in the market.

To: t2 who wrote (25290)	6/30/1999 6:00:00 PM
From: taxman	Read Replies (3) \| Respond to of 74651

MICROSOFT CFO SAYS NO CHANGES IN ANALYST GUIDANCE FOR REST OF CALENDAR 1999. this is not good news in my opinion. regards

To: t2 who wrote (25290)	6/30/1999 6:27:00 PM
From: John F. Dowd	Read Replies (4) \| Respond to of 74651

t2k:Amazing the SEC acting on a tip from the WSJ is investigating the company with the most conservative accounting practices and cleanest balance sheet in the world bar none. More MSFT harassment from Washington,DC - more specifically the DNC. JFD