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

To: taxman who wrote (33177)	11/8/1999 2:04:00 PM
From: John F. Dowd	Read Replies (1) \| Respond to of 74651

taxman: Here is what the market is saying: Gap Down open- trading big blocks on up ticks up to 89- hitting its head on 89 for now. 92,000,000 (10+ % of NAZ volume)shares with 2 hrs left. This is a great day for American markets. No other place on earth could begin to approach this kind of trading. JFD

To: taxman who wrote (33177)	11/8/1999 5:19:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

taxman, I decided to reduce my position in MSFT today. I still have some options but i did unload leaps that i had held. I waited until the stock hit about 88 before starting my selling. I just decided that the risk was too much for what one can expect in stock appreciation. I decided to keep my core holding in the stock and will get aggressive in buying when i see some stabilization or the mid 80s again. I am very bullish on this company due to Windows2000. However, i will wait for the momentum to turn positive. Maybe the shareholder meeting will do it. In the meantime, i decided to buy some Dell and Intel with the proceeds. I hoping for a gain prior to earnings or possibly afterwards. The Gateway and Apple stock have done very well and i can't see why Dell should be lagging significantly. Basically i am playing Dell and Intel with the MSFT i sold. Now i have a balance between these 3. My biggest holdings is still the fibre optics companies (primarily JDS Uniphase).