Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jacob Snyder who wrote (43237)	4/24/2000 4:53:00 PM
From: James F. Hopkins	Respond to of 74651

It sure was a lot of volume..( a lot of it was short sells and covering ) it's hard to say where she will settle.. or when. I'm thinking more in terms of the general market and how much pressure this all puts on margins ( again ). Not as bad as the 14th did ( in respect to margins ) but still some of them went back in on margin on the bounce and I half way expect calls to go out tonight. --------------- We may gap up in the morning then drop back, she has to test this low ( maybe more than once )..volume will fall off when we run out of sellers then pick back up as she moves up..( if she does ) Lots of shorts on her now so some rallies will be profit taking by shorts..It works just like profit taking at the top except reversed.. -------------- With the summer doldrums approaching lots of people may decide to wait a while before risking more money. ---------------- Don't get me wrong , I did some buying today but very lightly sort of testing the ice. ( I went mostly cash before this crap started ) ----------------- ( I also bought back into four mutual funds today but also lightly ) I'm not a bear..and not a bull either yet I prefer to work the upside momentum and try to avoid catching falling knives. Jim