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

To: Sir Francis Drake who wrote (25732)	7/8/1999 5:27:00 PM
From: johnd	Read Replies (2) \| Respond to of 74651

SFD, How can you tell institutional money is not coming in? For example, instead of taking full positions, they may be buying 50% of normal. That might be why the volume is 19 million instead of 38million. Also today for the second day in a row, msft outpeformed DOW. However, tomorrow could be all together another story.

To: Sir Francis Drake who wrote (25732)	7/8/1999 5:31:00 PM
From: Teflon	Read Replies (3) \| Respond to of 74651

Morgan, we shall see on MSFT. Though I am still very bullish on the stock, the volume on MSFT may stay low or may pick up, there's really no telling. The fact is, MSFT has not participated in the NASDAQ's climb to new highs since April, and this is a negative sign. The heavy volume and selling was there during the consolidation period (when the stock spent two months at 76-82) and has since dried up once the consolidation period came to a close. I am not convinced that heavy buying will participate in MSFT's run to a new high. The volume may very well stay low. Maybe the institutions want to sit this one out, or maybe they all jumped in during the consolidation. There is no way to tell, but my gut tells me that regardless where MSFT heads in the near term, the volume will stay low. That's not necessarily a bad thing, however, as I don't anticipate heavy selling pressure either. Regarding the nets, I disagree that the easy money days are over. There are still plenty of stocks out there where "slam dunk" opportunities present themselves. CNET at 40 was one of them. On the other hand, I do agree with your assessment that the investors in this space have become more educated and more adapt at trading these issues. This cycle may work to our advantage, however, as unpredictability may return to these issues as a result of continued discounting of Company News into the future. My big concern is whether this Market returns to health within the next 30 days, or whether it takes until the end of the year. If YHOO, AOL and the other Nets do not make a run towards new highs, then I believe they will stall for a 3-4 month period. I do believe, however, that they will regain their frothy pace of appreciation as we head into the Holiday Season at the end of the year---y2k and all. We shall see. Teflon

To: Sir Francis Drake who wrote (25732)	7/8/1999 5:54:00 PM
From: J Krnjeu	Read Replies (2) \| Respond to of 74651

Mr. Sir Francis Drake & Mr. Teflon, OT OT OT OT - AOL What time frame do you think AOL will split and run up to 150 - 170 again? I believe it will do it as I think it is similar to the early days of MSFT? I feel like the early holders of MSFT, just hold it for the long term (5 yrs+) and you will do well. Thank You JK