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: Harvey Allen who wrote (53416)	11/18/2000 12:34:14 AM
From: Dave	Read Replies (1) \| Respond to of 74651

Re: Fidelity fund managers dumped 66 million shares worth $5.2 billion in the second quarter [and] bought 26.6 million Microsoft shares in the third quarter... at $1.6 billion You'll notice that on average they sold at $78.79 and bought back at $60.15. Not bad timing! Of course, net-net, they still dumped 40 million shares over the last two quarters, and maybe that explains part of MSFT's poor performance over that period. The next action to watch is from Janus, which according to a recent Wall Street Journal article has 47% of its holdings in tech. Of course they don't want to sell now, hoping that the slumping prices will go back up, but as people sell off their losing Janus funds, Janus will be forced to sell. I believe (but don't have any figures) that Janus still holds a lot of MSFT. So their effect on MSFT could be interesting. Dave