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: Teflon who wrote (28110)	8/12/1999 4:19:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Teflon, Back to buying some MSFT. I decided not to wait until 77 before buying more--picked up shares just before the close----the volume is pretty good which helped me make my decision. I might just hold these for a few days in the hope of a bounce OR just as a bit of a hedge for my short trading activities. It just seems that it is not worth buying anything long in an aggressive manner. At best one can hope for a sideways market in the coming month or two. I had a tendency to go all short or all long but am being pushed to the sidelines instead as the current bearish sentiment indicators don't help if one wants to aggressively short the market. However, i still cannot get over the feeling that the put/call bearish indicator is not valid this time around. Just waiting for a bounce in the nasdaq before aggressively shorting again. Once you get hedge fund managers (like Seth Tobias of Circle T partners-----guest on CNBC Squawk Box this morning) making a case for the a short term rebound, you get the feeling that these guys are going to get aggressive in shorting in the event of bounce back of any significant amount. That is why i can't get myself to take a stance long on the market----going short is a lot easier in the current environment. Best of luck.