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


To: Highway Jim who wrote (10559)9/6/1998 3:34:00 PM
From: Gary Metzer  Respond to of 74651
 
JBB et al,

Another thing to keep in mind is how MSFT reacted at the close. During the big selloff prior to close, all stocks dropped shortly until the last minute buy program came in. When the wave of buy orders hit, all stocks, MSFT included, started to rise sharply. However, MSFT reacted differently than the other stocks (ie Dell, CSCO, etc.) MSFT actually dropped a point at the very end while the other stocks happened to end on an afternoon high. This leads me to believe that there was some weakness showing up at the close, or the buy orders just petered out. Be interesting to see what MSFT opens at Tuesday.

Gary