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


To: P.T.Burnem who wrote (50845)10/9/2000 2:04:17 PM
From: Dan Spillane  Read Replies (1) | Respond to of 74651
 
Does anyone think Microsoft has incentive to boost the stock price, given that everyone is way in the hole on options?

Keep in mind, it's been a bear market since early this year. Nasdaq bear markets tend to only last a few months.

As well, I can't remember such a rosy outlook for the semiconductors, with all the stocks near 52 week lows. Usually bear markets are based on real data or events, not speculation that the real news is somehow a lie. All those news items about upcoming demand for handhelds, playstation 2, and more communications are deemed "false." Multiprocessor PCs, and the associated semi demand, are priced in the stocks as being a big zero.

All things considered, I would say this is a very speculative bear market--to speculate that all good news is truly bad, and all bad news with limited scope is horrible for every company.

It seems like there is absolute certainty of extremely poor earnings in the high tech sector priced in, for the next year or more. Somebody important knows something monumentally awful that everyone else doesn't.