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

To: John F. Dowd who wrote (37196)	1/28/2000 3:09:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 74651

John, Never underestimate the markets willingness to take a profit. Particularly in the face of multiple rate hikes. Look at QCOM. 2 to 180. Figure half of those in the stock have a nice profit...and will take it. So the stock goes to 90... Jim

To: John F. Dowd who wrote (37196)	1/28/2000 3:14:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 74651

JD -- As bonds go to 6 1/2 or more people run from the mkt. Since they are there now and Uncle Al is going to raise rates the cost of borrowing is dipping into bottom lines. Many are taking profits and others are seeing margin calls... basically a little route. Once Uncle tells the world he raised the rate 1/4 we will stabilize IMO. All the FED members have been giving speeches attempting to do just this. Add the fact the darling of WS DELL dropped a bomb and the proverbial crap is in the fan,,, it sux,, but hopefully will begin to get better Tuesday afternoon..

To: John F. Dowd who wrote (37196)	1/28/2000 4:15:00 PM
From: Charles T. Russell	Respond to of 74651

Profit taking, followed by a beaten up bond market and few prospects of seeing 4300.

To: John F. Dowd who wrote (37196)	1/28/2000 7:49:00 PM
From: Valley Girl	Read Replies (2) \| Respond to of 74651

Just the air being let out of an overvalued market. It couldn't ignore the interest rate rise forever. Tremendous buying op for those of us with cash. Like I'm really going to go buy bonds at 6.5 or even 7 per cent in place of 15-40% growth stocks - duh! I added to EMC today and will see what's on offer Monday. I still have $450K to shop with. Softee held up nicely, eh? It always does in these broad sell-offs, which is why in the past it's always been a favourite place to invest. Mind you not sure we'll hold here; legal news still to come over the next few months may weigh on the stock.