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

To: johnd who wrote (28848)	8/29/1999 5:05:00 PM
From: vegetarian	Respond to of 74651

MSFT is looking good technically. The moving averages seem to be crossing each other in the right direction and MSFT has traditionally done well with this type of action. Of course I could be wrong but Looks like a good buying point strictly on a technical basis.

To: johnd who wrote (28848)	8/29/1999 6:06:00 PM
From: t2	Respond to of 74651

Johnd, I think Abby will be proved wrong this time. IMHO, people got defensive in investment from scares in the last couple of years. I am pretty sure most regret their approach. Those automatic deductions for mutual funds probably became "balanced". In addition, there are probably many mutual funds that are building up cash positions. What are these people going to do when the market declines? If the cash is large amounts, they will try to out-guess each other in finding a bottom. When that happens, it just means lots of buyers are out there---meaning no declines. Of course that means explosive rallies. If the selling pressure for the September effect was going to build up, there should have been a lot of sellers starting in mid-August trying to beat the rush to the exits. Instead, we got a nice rally that caught me off guard a little as well. I still say there are no "real" sellers in this market-----just a bunch of traders trying to outguess each other. My feelings on the market changed once we got that rally. I am betting that mutual funds will be going into the new year fully invested and those that are foolish enough will be buying in January at much higher prices. I am convinced that any corrections in the market are going to be short lived. I am trying to stay focussed and not get fooled into selling. This time Abby is too conservative with her estimates and will be proven to be as well. Just my thoughts but of course i could be way off base. If i am wrong, i won't stay long and stick to my beliefs. Instead, i would also head to the exits just like everybody else and try to beat them back into the market. Can't get the trader out of this investor. .