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


To: Chetman who wrote (36213)1/9/2000 4:46:00 PM
From: ed  Read Replies (1) | Respond to of 74651
 
Well, one thing I am pretty sure is that Microsoft is a stock with its stock price being pre programed !!! It is very hard for me to imagine that millions of investors/day traders of MSFT all sell off at $119 15/16, what we called a resistance.Who are controlling the stock price ? The big boys with billions of dollars, and who did not want Microsoft to move up too fast. As to the DOJ thing, well , it is just a side show. If the big boys want to move the stock, people , or those analysts will say DOJ is a non factor to Microsoft's stock price , however, if the big boy want to short the stock, the analysts will say the DOJ case will destroy Microsoft. All in all, it is money talks, and the stock is controlled !!!!