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To: Li Cai who wrote (14839)12/12/1997 1:59:00 AM
From: damniseedemons  Respond to of 24154
 
Li, I don't think we'll see MSFT at $75. In fact, I don't even think the decision is a big deal for the stock. I have a hard time imagining it down more than a few points tomorrow (very little, in percentage terms), and if it is down more, I'd attribute the extra decline to a weak overall market. Further, I'd definitely be looking to accumulate MSFT on the weakness.

For MSFT to make it all the way down to $75, there would have to be severe problems among many fronts--including a major financial disappointment on MSFT's part. I just don't see that kind of situation unfolding, but if it did, that would mean utter carnage for the entire stock market (the entire tech industry would have to be screwed for the great MSFT (technology's pillar of strength) to go down).

Sal



To: Li Cai who wrote (14839)12/12/1997 2:05:00 AM
From: Bearded One  Respond to of 24154
 
In a bear market, with significant changes and news, there is no such thing as "resistance." Standard technical analyses go straight out the window.

I'm sure if you look at the Oracle thread, or Oxford Health Plan thread, that there was plenty of talk about resistance levels before they plummeted.

I'm not saying Microsoft will hit $75, or even go down. I'm saying that real bad news, or real bad markets can be like the Borg--
Resistance is Futile.