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

To: ed who wrote (14124)	1/10/1999 10:51:00 PM
From: J. P.	Read Replies (1) \| Respond to of 74651

If you're just in stocks, it's no big deal. The Nasdaq has formed a pattern over the last few years of correcting down to the 200 day moving average after runups. I'm very bullish on tech stocks for years to come, especially the leaders. I'm just saying the Nasdaq chart is looking mighty overextended, and further purchases may be chasing them a bit high. I actually think a good 'tech wreck' would be healthy, and will present good entry prices, and great options buying opportunities. Just don't be scared to jump back in when the dust settles, because these tech stocks always come roaring back, year after year, this pattern keeps repeating. It will be very interesting to see how it plays out, I'm long Microsoft and Lucent options, and I hope both beat the whisper numbers with their earnings, and that both announce splits.