Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: t2 who wrote (26925)	7/20/1999 7:10:00 PM
From: limtex	Read Replies (1) \| Respond to of 74651

t200 - We'll get a better idea tomorrow morning. Just hold on tight and fasten your seatbelts. If it starts out heading for the Titanic we'll know where to go. Sauve qui peut!!! Hoping against hope that it bounces tomorrow!! Best regards, L

To: t2 who wrote (26925)	7/20/1999 7:33:00 PM
From: Jill	Read Replies (3) \| Respond to of 74651

Pardon me, but what has spooked everyone? Well, I've been gone all day on the mesas (boy what incredible views, and in the sun) so maybe I missed something. Hasn't the NAZ been volatile like this for a while now? Maybe it's Maffeis' guidance? Even Teflon seemed perturbed. It seems like softy was daytraded rapidly on the tracking stock rumor. It could be confirmed tomorrow. Wouldn't MSFT then rebound? I might pick some up, but why was johnd talking about 60 or 70? Thank God for QUalcomm anyway on a day like today. Jill

To: t2 who wrote (26925)	7/20/1999 9:41:00 PM
From: ToySoldier	Read Replies (3) \| Respond to of 74651

Tech! Now your talking! This correction your predicting is likely being magnified by investment players that have developed a Y2K investment strategy and are executing it. The strategy goes possibly like this: "After the summer Q earnings for the bell weather stocks like IBM MSFT INTC etc., get out of the respective stocks until after the Y2K date goes by. Consider buying in right after/around the big event plays out and it looks save to re-enter the tech sector. Look for real good deals on the tech blue chips if it appears to over-correct." The reason these players are picking this Q earnings reporting period as the trigger to their Y2K protection strategy is that the next Q earnings reports would be getting too close to the big event and these players fear that they would get caught up in any sellout strategies played by the Y2K Procrastinator Investors. So I think you are correct that this might be the beginning of a slow long and potentially deep tech sector correction that might not fully recover until Q1/2000. Just my opinions. Toy

To: t2 who wrote (26925)	7/20/1999 11:26:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 74651

t2k: I caved into Mr. Maffei and decided if he insisted the stock didn't deserve to be this high, then he is going to move the market, and I would be flotsam in a raging river. I dumped every holding in my account at the open this am. It was almost spooky how you mentioned that Y2K selling could come sooner rather than later, and the next day Mr. Maffei cites "uncertainty due to y2k issues", as one of the reasons why sales growth will slow from 39% to "high teens". Of course, as the Motley Fool pointed out, in April this year Mr Maffei predicted "mid-twenties" of percentage sales growth for the June quarter, year over year. "39%" is a bit higher than "mid-twenties". So I guess "high teens" really means "high twenties". Then they will probably come in at 30% or more. Anyway, now that Mr. Maffei has shook the tree, I'll stand by to rake the leaves, when they've stopped falling. Unfortunately, it does look like a giant double-top now (failed breakout), so it might be a bit before firm footing is found. Time to kick back and watch for awhile.