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

To: Teflon who wrote (25542)	7/6/1999 2:49:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

<OT> Thanks, Teflon. The history of YHOO earnings is that the price runs up prior, YHOO announces record-breaking, whisper-beating earnings, and then the stock proceeds to sell off, LOL! As to CNET, I was looking at a shorter-term trade, but frankly, it looks like a good longer-term holding. I base this on the idea that the market has still not cottoned on to what CNET is all about (for one, it actually has earnings that do slip into the profit area - rather unusual for a "net", plus it has good name recognition for as a news site). I think it is possible that in the fall market sell-off (which there seems to be a good chance of), one should be able to pick up CNET for the longer term, at a somewhat cheaper price. I am sure you'll make $$$ on your calls selling, though you may consider buying them back very cheaply, should the stock run up (it's cheap insurance against a possible market meltdown in the fall). My weekend was great, and I know you enjoyed yourself. This market is very interesting (if this is the right word...). There is a lot of bullishness (put/call ratios etc.), but at the same time, many stocks are expriencing low volume conditions - as if everyone is watching what everyone else will do. My suspicion is that we will see a good run in the market over the next two weeks, but it will be a choppy one (with regular profit taking). I actually would love a nice sell-off in the fall, so I can load up more on great stocks at low prices! Good luck! Morgan