Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: larry who wrote (28071)	8/11/1999 2:22:00 PM
From: space cadet	Respond to of 74651

Hi larry. I agree with you that a retest of 77-78 is a virtual certainty. Though I'm not as sure as you that msft and the market won't fail that test and sink below it, at least for a little while. Market internals look weak and it's still a long way to the probable recovery in October. So we could have another 6 weeks or so of pain. Internuts are weak and boring today while csco emc sunw intc are strong. Looks like money is rotating out of the nuts and back into old hi-tech. So far all the rallies of the last few weeks haven't even lasted a solid two days. Let's see if this one can hold up better. The only reason I think it might is because we are close to options expiration now, and the mm's want to screw the put holders/call sellers if they can.

To: larry who wrote (28071)	8/12/1999 9:23:00 AM
From: Teflon	Read Replies (1) \| Respond to of 74651

Well, larry, I have been thinking about your post, and I must say that the Market is surprising me thus far this morning with its ability to shrug off the strong July Retail Sales numbers (though we did get a downward revision of June's numbers). I am not so positive that the Market will sell off today as you suggested, and frankly I am trying to decide if today is the day I buy some more MSFT and CSCO. As I have been saying, MSFT may still trade down to the 77-78 levels, but I do not see any downside from there (IMHO) and we may be experiencing the foreseeable lows for MSFT at this time. Just my opinions, of course. Teflon