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

To: tony sidhu who wrote (27741)	8/2/1999 6:22:00 PM
From: Sir Francis Drake	Respond to of 74651

tony, I've pretty much given my view of MSFT weeks and months ago. The moment there is no "positive" news to look forward to - selling will take over. The market right now is not in the mood to push p/e's higher (at least for high p/e stocks) on no news. MSFT climbed for the earnings - that was something to look forward to. Now, by contrast there is more talk about the trial and very tough possible measures, break-up etc. I see institutional money selling into the rallies. Also, look at OBV, hi-lo MA, short term bollinger bands, and price action - technically, I see the same situation. I'm shorting every rally in MSFT. BTW, not that it matters, but I'm not doing it to make a profit, but rather to protect my longer-term position (I'm not playing options). I'm not selling my longer term MSFT position, and I remain a MSFT bull longer term (certainly over the next 2-3 years). Good luck! Morgan