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

To: Uncle Frank who wrote (28521)	8/23/1999 5:14:00 PM
From: 16yearcycle	Read Replies (1) \| Respond to of 74651

Let's assume that Cramer is right about the sales. Combine that with known Gates sales, a 15% nas correction from top to turn, the brief RHAT frenzy and the trial preliminary ruling within the next few weeks and we have enough reasons for sideways movement. 82 was low but not stupid low. Msft has a had a habit of correcting at least 20% about every year so it was time. We still have a double from the intra-day 10/8/98 low.

To: Uncle Frank who wrote (28521)	8/23/1999 7:36:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Uncle Frank, It is not only Paul Allen; Add Bill Gates to that list. He is making "large" contributions----with what? He also continues to sell a lot of shares. Cramer is probably right. I can't imagine mutual funds dumping the stock at current levels---everyone knows the earnings potential. Even short sellers may not be interested in a stock that has not moved higher with the rest of the techs.

To: Uncle Frank who wrote (28521)	8/23/1999 10:46:00 PM
From: Teflon	Read Replies (3) \| Respond to of 74651

Hi Frank, how have you been. I trust you've been well :-) Nice day for the Q, btw, the G&K Thread must be partying this evening!!! Regarding MSFT, I think this recent action is the culmination of a lot of things. Cramers points, though always witty, are just a small part of the action at best. The fact remains that MSFT has been in a consolidation phase since the split in April, and this trading pattern was to be fairly expected. We've been debating the length/duration of this consolidation for almost a month now, but I think most would agree that MSFT is headed north from here, it's just a matter of timing. More to the point, MSFT's fundamentals are terrific, and this Red Hat IPO/AOL TV Channel news/IM battle are all probably helping MSFT in its battle with the DOJ, and few people are taking Mr. Bill and Mr. Ballmer seriously when they talk up the end of the world syndrom at the shareholders' meeting. The problem for most of my Threadmates is that MSFT just hasn't done a whole lot for the past three months, and I think folks are just getting a little itchy. Patience will be rewarded, in my opinion, and MSFT should soon regain its form as it greets the new millenium with a big fat smile :-) Teflon