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


To: Mick Mørmøny who wrote (59801)7/13/2001 9:08:40 AM
From: werefrog  Read Replies (1) | Respond to of 74651
 
Market disappointed with PPI number
MSFT ut'ed on that pre mkt news indicating the stock will remain strong. MSFT should retain strength until July 19, possibly peaking, short term, on that very day. Today's play:
(1) MSFT runs appx 20 min after open, then shakes appx 20 min, buy the shake.
(2) MSFT shakes appx 20 min immediately after open, buy the shake.
In both of these plays, hold appx 20 to 30 min, or until the tick chart hooks, or until the S&P mini 500 futures index turns down, then sell taking whatever profit the market gives. The market went up a little too fast yesterday & Friday's are usually boring days when I like to buy F near EOD & sell next week with the usual 1 point profit. Each investor is responsible their own money management & should know before hand their bailout price should any trade go against them. Frog