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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Timetobuy who wrote (81108)	8/1/2001 3:52:52 PM
From: t2	Read Replies (2) \| Respond to of 99985

Remember that MSFT had also been a bit of a defensive play during the tech wreck of this year. That is also working against it as it heads in the opposite direction to the Nasdaq. It is also owned by large funds even ones that avoided technology in general. Investors tend to want to look at potential economic rebound plays that had been beaten up in a big way..and that means most stocks on the Nasdaq. Positive news such as a deal with the DOJ could be a potential catalyst near term. IMHO, there is little doubt that it rallies into next earnings report but that is still a few months away. However, I don't see it tank into the 50s. Little potential on the downside. At worse it hangs around in the mid 60s is how I see it. It has been around the mid 60s for a while now and could be ready to resume its climb. I have decided to buy other techs instead because I expect more upside on the cheaper stocks on a percentage basis. Good Luck.