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

To: Teflon who wrote (28619)	8/24/1999 10:23:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

I just hope MSFT's management realizes that great stock performance leads to ---great sales which in turn leads to great hype for its software--- which then leads people to forget about Linux etc.----leading to greater sales and so on..... It is a strange "cycle" but is one that is true in my opinion. I have witnessed it with companies like Dell. It does wonders for image. Believe it not, image does create revenue growth because subconsiously or consiously people want to be associated with a winner. I hope these guys understand this fundamental business principle (i think it may seem i am making this logic but that is how i feel) Have fun tomorrow everyone. I hope people are not thinking about profit taking on this stock. IMHO, that would be a major blunder for a long term type of investor.

To: Teflon who wrote (28619)	8/24/1999 10:27:00 PM
From: Bill Holtzman	Read Replies (1) \| Respond to of 74651

Tef, I think the elephants (those with ungodly piles of money) move the market in their own deliberate pattern. A successful trader in Microsoft over the past few months has sold on run ups of a few points. What a great time to blast right through all their limit sells! There was a huge wad of stock out there waiting to be sold between 84 and 92, enough to satisfy some very hungry elephants. Do you realize over $5 billion traded today? Some elephants just dug into a large piece of Microsoft (maybe 1%?) at ~90. They snuck right up on the weak money and grabbed their shares! Now those folks will have to buy it back - at much higher prices! They won't get a chance to get it back lower, will they? By the way, I'm not sure you can discount the tracking stock theory. After all, when the WSJ made their premature press release the stock jumped $5. Investors clearly believe the idea will be a strong positive.