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To: allen menglin chen who wrote (90951)1/13/2000 3:36:00 PM
From: craig crawford  Read Replies (2) | Respond to of 164684
 
>> MSFT up almost 2! I lose my bet <<

You haven't lost yet. I believe I said MSFT could easily turn around and close positive. It just got hit with some profit taking and is now unch. Who knows where it will close.

>> profit warning? I hope not :) <<

No reason for MSFT to warn when they have earnings Tuesday. Their quarter ended 2 weeks ago. Surely they would have known if they were going to miss. Furthermore, when there were rumors of MSFT missing their quarter a week ago MSFT said they weren't changing their guidance. I highly doubt they would imply that they weren't going to miss, then pre-announce a few days before earnings. Doesn't make sense. That's why the market is responding positively and shorts are covering.