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

To: t2 who wrote (27058)	7/21/1999 5:40:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

I'm with you all the way, t2k. Let's face it, this Market is NUTS <vbg>!!!! No matter how you slice it, the NASDAQ is up ~ 30% YTD, and most folks are scratching their collective heads trying to figure out if it can go any higher, or if a retreat is the likely course of action. Logic would suggest the latter. I happen to think the NASDAQ has more room to run, on the other hand. The Internet stocks are doing some very bizarre things these days. Did you notice that Amazon, YHOO and AOL were all up big today? This does not make sense to most Market Observers. Many have written them off as unable to challenge old highs and are destined for sideways to downward trading patterns for the rest of the Summer and Fall. I am not so sure however. They sold off early, long before earnings, yet they seemed to behave differently this Q. Almost as if they were Consolidating, not correcting. I really don't know what to think. I think I am starting to confuse myself LOL. AOL posted some very strong numbers after the bell today, however. We shall see... Teflon