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

To: limtex who wrote (27151)	7/22/1999 8:10:00 PM
From: John F. Dowd	Respond to of 74651

limtex: Excellent analysis!!JFD

To: limtex who wrote (27151)	7/22/1999 9:18:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

hi limtex, I have been busy and have not been able to watch the moment to moment moves of the market. I also find it difficult not have CNBC available this week to get a sense for what is happening. Like i have been saying, it just seems there is no reason for the market to go up. It is the same pattern we have seen before but we just have this Y2K paranoia possibility added to the equation. Another reason for the traditional bears (with a vengeance) to come out of hiding and wreck havoc on this market. Now they are joined by some bulls who also feel there is no reason for the market to go up. There seems to to be no logic but the market as we have seen is not very rational anyways. I am basically going with the flow for a little while. Definately don't see myself going into call options even if we correct 10% from current levels. When i feel very uncertain, i prefer to not be making big bets. After reading story from the analyst conference, i am actually considering hedging my MSFT position even more or sell some shares---even though i said i would not earlier. On the bright side, it emphasizes MSFT's position that it is a very competitive environment. Good Luck.

To: limtex who wrote (27151)	7/22/1999 10:14:00 PM
From: Catcher	Respond to of 74651

ever heard of the boy who cried wolf? a while ago it was "irrational exhuberance"...this time around we get "unjustified euphoria" throughout we've enjoyed great economic times & the tech / net sectors, in particular, have seen good rides. he says he understands that tech is driving the good times. why then is he confused when tech (esp net) stocks soar along? it is getting tiresome. natch he has more brain power in his pinky than i'll ever muster but i think mm's will begin to disregard his mongering over time. this will roil him & we'll see rate hikes. enuff of my ramblings.

To: limtex who wrote (27151)	7/22/1999 11:00:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 74651

limtex, re AG, it was last July when he was on "the hill" in DC, saying that "a sharp stock market correction could happen anytime". It started the next day. These Congressional speeches have more danger in them (to longs) than the FOMC meetings. However: The techs went down hard right at the open, which was before A.G. spoke. So you can't blame him for more than half of it. Since I'm 100% in cash since MS announced earnings, I'm just watching with a casual interest at the goings on. But, everyone has had plenty of opportunity to bail out of long positions. If you wanted to avoid a downdraft, yesterday was a prime chance to act. There have been plenty of astute people on this board all talking a lot of sense, regarding news and what is left of it (not much) to lift the stock even more short-term, regarding the T/A price action since the harsh drop from the failed break-out, etc. If you insist on standing like a deer in the road, frozen while headlights bear down upon you, you stand a very good chance of getting hit -- it's up to you whether you can break free and jump to the side of the road, or else just grin and bear it while your stock gets hit (no pun intended). PS - A.G. speaking or not, this stock was going to go lower, IMO.