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


To: johnd who wrote (38655)2/27/2000 2:41:00 PM
From: Captain Jack  Respond to of 74651
 
johnd-- <<"I like to buy when pain is max. It is now.">> Hope you are correct but it does not seem so. If the DOW stocks turn to the up side possible but msft may continue to lead it down,,, Pain yes,, MAX pain we can only hope against hope,, I'll add when it starts up,, better to pay a couple more from here than watch it go into the mid 80s before it starts to retrace,,, not timing the mkt-- being realistic,,,



To: johnd who wrote (38655)2/27/2000 3:54:00 PM
From: MIKE REDDERT  Respond to of 74651
 
Friday, MSFT closed below the 200 DMA... however, in the past 6 yrs., for which I have charting data, it has never closed more than twice below that average. Each of the 2 times that it closed below that average, it made a new high within 2-3 weeks.

So the question becomes... should we bet against the long term historic trend for this stock ? What new fundamental change would dictate a long term change in trend ?

Mike