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

To: Devil's Advocate who wrote (26885)	7/20/1999 4:43:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

thestreet.com Note the comment about potential 20% to 30% correction. I know buy and hold is good strategy and dollar cost averaging is even better. MSFT is definitely a solid company. But it hurts see my portfolio shrink. As per me turning +ve to bearish. Well I was OK till this AM. I felt very upbeat and gungho about MSFT reporting 5.7B and 40c. But then I see the market reaction. Keep in mind that there will be more pressure on MSFT stock during days ahead because of: a) Insider selling (Gates, Allen) b) DOJ trail news starts to hit again in August, Sept c) Overall market correciton. This is why I sold half. If It goes up I still have the other half. The first half will remain in cash for until Q1 results are out. I will wait and see.