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


To: John A. Stoops who wrote (18607)3/23/1999 11:22:00 AM
From: t2  Read Replies (1) | Respond to of 74651
 
Can't figure it out except that MSFT's strength yesterday was perceived as a selling opportunity today. I guess some want exit techs on upward momentum if possible.
Not much of an explanation.
I bought 2k shares this morning around 168. Hoping there are no surprises.

Decided not to buy Dell yet. Will do so once I unload some more options.



To: John A. Stoops who wrote (18607)3/23/1999 11:27:00 AM
From: Gerald Walls  Read Replies (2) | Respond to of 74651
 
Anyone know what is happening today? We are down $4.

Well, one thing that's happening is that my net worth's declining...

Looks to me like we're getting the "didn't break 10,000"-triggered correction. Would anyone really be surprised if we had a 10-15% correction on the averages?

The only thing that's actually worrying me right now is my DELL. We're already below the 50 so the 200 will be the final support for a while. Lose that and it's 30, 25, then 20. If we call January through now a head-and-shoulders (though it's kind of mutated, like a Motie for you sci-fi fans) then with the head at 52 and the neckline at, say, 39, theory says we should see 26, right? I don't think it'll happen but it might.

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