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


To: ToySoldier who wrote (26867)7/20/1999 2:00:00 PM
From: limtex  Read Replies (1) | Respond to of 74651
 
TS -

Its just the post earnings pull back. today will be vicious probably tomorrow as well just to keep the hopefuls locked in.

Then the daily 1% - 2% NAZ drop for about six weeks. Actually you don't have to be Nostrodamus to work this one out all you need to do is get out a chart of April/May and Jan/Feb.

Looks like today could be a real whack though. I wouldn't have expected this bad a fall in one day. Its nealry 8%-9% down off its high in less than 48 hours of trading days. I wonder if MSFT has ever slumped this much before in the same time frame.

If it doesn't stop at $90 it could build up momnetum for a sometihng serious today.

Best regards,
L