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

To: taxman who wrote (18426)	3/21/1999 1:22:00 PM
From: t2	Respond to of 74651

Microsoft and U.K. banks--- quote.bloomberg.com Microsoft to Tie Up With U.K. Banks for Web Site, Times Says London, March 21 (Bloomberg) -- Microsoft Corp., the world's largest software maker, is to start a Web site called the finance channel, through which users can access banking services of at least four big U.K. banks, as it seeks to gain a slice of the Internet banking market expected to have 2.5 million U.K. users by 2002, the Sunday Times reported, citing Microsoft officials. Microsoft will work with the four British clearing banks, Barclays Bank Plc, National Westminster Bank Plc, Lloyds TSB Group Plc and HSBC Holdings Plc and is negotiating with the Royal Bank of Scotland, Bank of Scotland, Co-Operative Bank, among others, the paper said. Microsoft, said in an internal memo last week, that it was on track to release its Windows 2000 software in the second half of next year. (Sunday Times 3/21 B2 www.the-times.co.uk)

To: taxman who wrote (18426)	3/21/1999 1:45:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 74651

what does a cup-and-handle formation have to do with the price? It makes it easier to hold your cup of coffee while watching the Ticker, Taxman! God, do we have to explain everything to you?

To: taxman who wrote (18426)	3/22/1999 2:34:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 74651

what does a cup-and-handle formation have to do with the price? Theory is that it provides a stronger base. If the stock pauses in a tight range, like the handle would be, then when it finally breaks out the move will be stronger and in the case of a pull back it would be less likely to break the support as it's stronger since more shares traded there. Why? Probably psychological more than anything else. That why I think technical analysis seems to work, because it's a study of market participant group psychology. One thing for sure, though, is that the cup-and-handle formation attracts attention and that, it would seem to me, increases demand on a breakout.