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

To: David Howe who wrote (57116)	4/4/2001 8:14:45 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 74651

>Notice that the market moves MSFT lower when a delay to Xbox is rumored. >That means the market thinks Xbox is good for MSFT's future. Most other big cap nasdaq stocks were down 2-3 points today, are you sure microsoft's move was entirely due to the xbox rumor? >Who's right? The market or you? Who was right, the "market" or the guy who sold short Inktomi at 200 per share? Now the stock is at 2. Was the giant hive mind collective intelligence of "the market" right when the stock was at 200? No. As you surely know, the market is not right or wrong. It merely "is".. Over time, it tends to reflect reality. The person shorting INKT at 200 was "right" because the stock was indeed overvalued.