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

To: Catcher who wrote (27617)	7/31/1999 10:12:00 AM
From: werefrog	Respond to of 74651

Catcher: IMHO, MSFT will find a trading range and probably go lower from the end of the summer rally, which ended the day after MSFT released earnings, until mid October, then head higher climaxing Jan.31. Then another trading range until the July earnings run next year. I would carefully keep up with the DOJ debacle and definitely want to be in MSFT when that case is settled. In my past experience, when pressure is put on, to raise interest rates, stocks go down, also this time of year is generally uninteresting to position trade, so I generally swing trade and day trade during this season, I have been burnt from august until october a few times in my position trades and am very cautious at this time of year. In general, a good time to enter MSFT, if your not already in and plan to hold through this downtrend, is when it is trading down about 25% from it's yearly high. Just my humble opinion. Have a nice day.