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

To: Sir Francis Drake who wrote (26865)	7/20/1999 1:53:00 PM
From: chunmun	Read Replies (1) \| Respond to of 74651

morgan, your predication was dead on about the sell off to MSFT. Hope you are just as good on your prediction to 140 in April 2k. Thanks.

To: Sir Francis Drake who wrote (26865)	7/20/1999 3:09:00 PM
From: Bill Holtzman	Read Replies (2) \| Respond to of 74651

Morgan, Did you read this post earlier from Zanga? >> One point that I think we should look at is the very small amount that went into the unearned revenue account ($44 million) They usually put in about $400 million. Last Qtr they put in over $600 million. If they had put around $400 million into the unearned revenue account the earnings this month would be around $.33. Can someone comment on this? << This seems significant to me but no one commented on it. Is the cookie jar being emptied or is this insignificant? Bill

To: Sir Francis Drake who wrote (26865)	7/20/1999 5:21:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Morgan, I learned a good lesson today. You can't be long a stock like MSFT and be bearish on the market as a whole. It has to really be one or the other. I guess i just had a mental block that stopped me going negative on the stock---i have been going with my heart on this company and using logic to evaluate the rest of the market. It is a pyschological factor i have just overcome today (i think). Did not bother to try my short term options daytrade after MSFT dropped so much. Instead, hedged a little bit. I increased my short on the Dow index---did not get the chance to the get the QQQ (or my target Sunw) as the Nasdaq moved down a lot faster than the Dow. Settled for the Dow and got in at a good time. Still hoping for a bounce in the Nasdaq to go short on some stocks or the index (will avoid MSFT directly as my mental block might effect my trading). I am expecting the selloff will be rapid---so we get to some flat trading period. Who knows---the big drops could be over by the end of July on a short term basis. BTW--Still expecting a MSFT bounce back going into the analyst meeting but maybe i am thinking with my heart again.