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

To: Tom Buttram who wrote (36205)	1/9/2000 3:50:00 PM
From: Chetman	Respond to of 74651

Tom, thanks. Yes, a pullback for any stock after b/o is normal, but on low volume. With holidays recently, it's hard to say if softie's was lo vol or not. Probably more moderate than anything. Also, I like to compare to last year's run (starting Nov 98) which took it to 130+ before a pause, then eventually 150 by Jan expir. The stock acted much better during that move. Every dip was short-lived and met with huge buying, whereas now it seems every rally is met with selling. As I said before, MSFT needs to start showing strength relative to the NAZ and its tech peers before I'll be convinced. The next few days should provide some answers, esp with INTC reporting. I don't mean to sound too negative as I am familiar with the ST positives ahead. That is why, despite my caution, I'm still leaning towards the "just a correction" POV and staying long the calls. Thanks for your comments. Chetman