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

To: Alan Buckley who wrote (36863)1/19/2000 3:47:00 PM
From: Doc Savage  Respond to of 74651
 
Holy freefall Batmat!

I know this is a fairly common scenario but it makes me grouchy!

I'll bet that many of the sellers to today are those who have bought in recently and are taking a loss. It is hard to imagine loosing money on MSFT but these people find a way to do it. Life is hard but it is a lot harder when you are stupid!

Why would you sell today if you didn't have to? Might get back in next week below 100 but that is unlikely.



To: Alan Buckley who wrote (36863)1/19/2000 3:52:00 PM
From: johnd  Read Replies (2) | Respond to of 74651
 
Alan, long term fine. But short term it is very weak being
down about 10 on 46 million volume. This is a bit unusual
to drop 9-10% on the very next day after EPS on such a huge
volume. I think the short term down draft is very strong and
will wipe my Jan 95 calls and will likely won't stop till
it drops to 90-91. Worst case low may be 85 - 88; where
softy bought 38 million shares last Q.


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