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


To: werefrog who wrote (44067)5/1/2000 3:01:00 PM
From: Valley Girl  Read Replies (2) | Respond to of 74651
 
Yes yes yes that's the key. Last week's price action showed that we were near a bottom. I'd concur on the $50-55 floor, but again the damned lawsuits remain a huge overhang for softee. Looks like we're snapping right back to the $72 support level today - fascinating to watch versus the charts!



To: werefrog who wrote (44067)5/1/2000 3:59:00 PM
From: johnd  Read Replies (1) | Respond to of 74651
 
Very impressive record of how short term the memory of the market is. JH, just last week there was this things about bad Q3, weak outlook for Q4 and weaker outlook for next FY etc.. Goldman removed from recommended list and issued a 65-70 trading range. A week later the stock is at 73. This one will remain in my memory for a while. I am still not confident that the bottom has been reached. JH, any reading from you that there is "pump & dump" going on from sell side analysts like they did at when the stock receeded from 95 - 75 or what evidence do you have that they really mean by their words.