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

To: alydar who wrote (62451)	11/1/2001 1:24:32 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 74651

Msft is close to taking out its 200 day ema today. If it breaches that resistance, it might make the risk/reward ratio on a short position unfavorable. Otoh, external events will continue to whipsaw this market for the indefinite future. uf

To: alydar who wrote (62451)	11/1/2001 1:40:31 PM
From: David Howe	Respond to of 74651

<< because data says that pc sales will be down over the next year >> Don't you think the market already knows this and has this factored in? All the talking heads say anymore about MSFT is don't they have problems because the PC is dead? When the talking heads are convinced of something, you know the stock market has accounted for it months before. IMO, Dave PS: The stock is a rocket today. I can't recall such sustained strength in a long time. Pretty good volume too. Sure it could fall. The market might fall 50%, but shorting MSFT isn't really a play on their specific fundamentals, IMO.