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

To: johnd who wrote (26872)	7/20/1999 7:06:00 PM
From: limtex	Read Replies (1) \| Respond to of 74651

johnd - I'm no expert just a feel based on the last few earnings easos and when the market decided to start selling. That time has been gettting shorter and shorter into earnings season although there was a pretty good run up up unitl last Friday. Pattern looks to me like two/three weeks of the market going up followed by eight to nine weeks of sheer misery as it tanks day after day. We'll see tomorrow but my guess is that we'll see S&P futures really dowen as we tunr on CNBC for Squak Box tomorrow morning and we'll seem more or less that for anopther nine weeks till we get a short break a week or two prior to the September Q earnings reports in early October. My guess is that it will be in the $80's by early next week. As to whether to sell or not the history of the last five years or so say to just leave MSFT alone as market timing is a mugs game. But recently market timing has bee npossible around earnings two weeks. Best regards, L