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

To: OD Bobo who wrote (4481)	12/24/1997 1:26:00 PM
From: Paul Fiondella	Read Replies (4) \| Respond to of 74651

Bought today at 118 1/2 Forget the technical analysis with 200 day moving averages etc. etc. The downturn here is news driven (Asia & Justice Dept.) Does anyone here really think MSFT is going to have a bad quarter? A normal downward movement would have retraces. This one hasn't. Therefore I'm betting its program driven and the day the psychology turns around so will the stock. People forget how quickly good earnings put to rest all this "news". They also forget that "news" changes. Somebody tell me the quarter is going to be bad and I will change my short term view. Otherwise you can't eat the charts.