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

To: James B. Ditsworth who wrote (28888)	8/30/1999 1:57:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Thread: Does anyone know how weighting of MSFT in the S and P 500 and Nasdaq 100 and the Nasdaq composite itself. I seemed to have forgotten. TIA

To: James B. Ditsworth who wrote (28888)	8/30/1999 2:27:00 PM
From: johnd	Respond to of 74651

Teflon, Tech2000: While we all would love to see softy and other move up, take a look back a year ago and see what happened in Sept. and Oct. even when Fed was helping with rate cuts. Now the fed. environement is reverse and market at all times highs, and several fears : inflation, y2k right in front of us. I don't see the environement being as benign as you see it. The mood of the market turns the other way really fast. Several nasdaq leaders are forming head and shoulders patterns. Take a look at chart of CSCO, MSFT, and others. I hope I am wrong and the bullish view is right. For example MSFT so far is showing similar price behavior as last year. Last year: July peak at 60, then Aug low at 50 and then Aug end at 58 and then Sept. low at 44. This year: July peak at 100, then Aug low at 81.75 and then Aug end at 92ish then Sept. low at ??? (could be around 80). We will see. For softy there is short term pressure from - no tracking stock - DOJ trail news starting Sept 10th. - Win2000 delay (See computer world story). Having said that, softy is a great stock to buy around Dec.99 as I expect a yearly low then and a strong run up in Jan.