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

To: Teflon who wrote (25939)	7/13/1999 11:20:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

Teflon, Be careful on selling puts on any stock, especially the internet stocks. You should notice that people stopped trying to short internet stocks for a long period of time. That was one reason(among many) for their incredible run ups. People were just not willing to take chances short selling them----simply because it was not working. Considering that they did crash from April to June, the hedge funds are now more comfortable in taking big short positions. I understand the nets dropped in the last hour or so--this would be consistent with what i am stating. That would make sense as some big funds might have starting short selling. Their confidence has now built up very well. Watch out for an internet stock bear market. A lot of the so called "experts" have been saying these stocks are overvalued for a long time. It may be that now investors are willing to take bearish positions again. Just my thoughts