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

To: t2 who wrote (30324)	10/1/1999 7:06:00 PM
From: werefrog	Read Replies (2) \| Respond to of 74651

Last October when things were really looking bad, the market was down 280 points, at about 1pm the fed announced they were cutting interest rates. I got that news early because I was logged on a certain chatroom. At that time I bot DELL, MSFT and a couple others and was up about 5 points on each of them by the days close. I think a time like that will come during this sell off. I've already stated my view on this debacle, but one must be alert for "NEWS" which could change everything. Until the fed meets, I think next week, nothing will change. I have learned to sell all my position trades when I first hear of interest rates going up, and to buy at the first mention of the fed cutting interest rates. Cheers

To: t2 who wrote (30324)	10/1/1999 8:19:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 74651

t2: I am reminded of the guy who said things could be worse and sure enough things got worse. The volume does not speak of a climactic selloff but I think the market doesn't necessarily repeat itself on cue. The forthcoming earnings will be critical to demonstrating that the tech sector is the place to be. Additionally now that everyone has warned about the dire problems associated with Taiwan the surprises should all be on the upside. Speaking of cash some guy was on cnbc this morning documenting the tons of cash flowing into $market funds and just waiting to be invested. Of course they might be content with 4.5% but I don't thinkk so. JFD