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

To: John F. Dowd who wrote (30331)	10/1/1999 8:49:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

JFD, Considering that there is no October financial crisis this year, i am expecting a great rally leading up the Y2K. Last couple of years there were problems around the world. This time around, the average investor is very aware of the October buying opportunities. Those that buy in October (even at the monthly highs) make a lot of money going into January. This happened last year. Considering that there is so much interest in the markets among the investing public (stocks or mutual funds), more and more people are have probably planned to shift money into stock mutual funds this month. That should result in a great support level for the markets. As October's days go by without the major selloff, many are going to be pressed into buying at any sign of weakness (just like today). Additionally, if we start getting rallies, those on the sidelines will "panic" and not want to miss out on a great buying opportunity---will jump in. Some other things i have observed. Did you notice how Dan Nile's downgrade of Dell did not cause it to tank. Instead, it gained on the day!! Could you have imagined this happening a few months (ie not going down on Nile's downgrade). Intel has been sinking for a while now. Any excuse and it goes down. Taiwan earthquake etc. Today even Intel did not drop considering that the downgrade of Dell would have an impact on Intel's business as well. IMHO, Intel is a much more dominant player in the PC chip industry than they were a year ago. Would you buy an AMD CPU computer if you could save $100? Not me. Gateway rallied in a big way today. Does it not build computers that are subject to the same supply problems as everyone else(DRAM etc.). Conclusion: It tells me that we are at a bottom and about to have a huge rally ahead of the FED meeting.