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


To: t2 who wrote (26992)7/21/1999 7:53:00 AM
From: Teflon  Respond to of 74651
 
Good morning to you, t2k. It's great to talk to you again.

I actually think it's a good thing that people are worried about the Market. I am always worried about the market...that's one of the reasons why I post on and read this Thread<ggg>. I feel the continuous compulsion to learn and stay informed. To me, it's one of the best ways I get comfortable with what's going on in the Market and with some of my favorite stocks.

As has been well documented, many people here expected this pullback in MSFT. This is no surprise. What surprises me is that many of you were predicting continuous bullish behavior in the stock in a linear format. We all know this rarely happens, and with MSFT especially, it likes to consolidate along the way. So I am curious why all of a sudden, everyone is jumping ship due to a one day material pull back. I know it hurts, but the Market today is really the same Market we had last week. And to me, MSFT pulled off another great Q of Earnings so it is one step closer to getting through this year (the year of the gloom and doom Y2K) unscathed. This is good news.

I still expect the 92-94 area to show some support for MSFT and if it happens to trade below that, I will buy more share of the stock.

Still long on this Market and MSFT,
Teflon