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

To: johnd who wrote (44644)	5/10/2000 12:49:00 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 74651

Today will be a test of the April lows. If it holds, then that means the price is low enough, that value investors (the ones who've been sitting on cash, waiting for opportunities like this) are numerous enough to buy all the shares offered by scared momentum investors. If 65 doesn't hold, then I have no idea where the bottom is. My low-PE stocks (mobile home builder (CMH) and medical equipment maker(BSX)) are going up, while my hi-PE tech stocks (SAP, MSFT) are going down. If the stock is in the 50s, when the 2003 LEAPs become available, I'll back up the truck.