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

To: Teflon who wrote (28105)	8/12/1999 10:13:00 AM
From: larry	Respond to of 74651

If you like CSCO so much, why did not you buy it at 56 5/16 two days ago? I did. I always believe that 55-56 is the bottom for CSCO and I bought at 56-57 and sold yesterday at the open. And bought Spet. 65 puts at 4 3/8. You will see CSCO going down to 56-57 before Oct. anyway so why not hold your cash and buy at that level? The market, IMHO, is going nuts. Well, if they decide that a 300 points of DOW off the high is good enough to discount a two 265 basis point rate cuts, and arguably more in the future, so be it. I have long come to realized that the market is basically trading on emotions in Aug. till Oct. The bulls' head have been pushed under water for too long and they will take any chance to show who is still the boss. I will be a margin buyer with Nasdaq at 2400. Right now, strictly trading. good luck, larry