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


To: t2 who wrote (20132)4/9/1999 10:26:00 AM
From: Teflon  Read Replies (2) | Respond to of 74651
 
It is not uncommon for MSFT to do the old "fake left, go right" during a day's course of trading. When it starts off the trading day gapping down and then finishing the day on the plus side (usually only after a bullish run in the last hour or two), and this trend occurs over the course of a couple of days, it has typically signaled the beginning of another leg up.

Today's trading will demonstrate if this pattern that started to develop yesterday is carried through. I have a feeling that I am running out of time on my decision to buy those May 105 calls. MSFT is likely to break in one direction or the other in the short term. My only major concern regarding the overall market is this rhetoric coming out of Russia about involvement in Kosovo. I don't care how bullish you are, this news is not good for the market.

Teflon



To: t2 who wrote (20132)4/9/1999 12:25:00 PM
From: RTev  Read Replies (1) | Respond to of 74651
 
Thanks for the settlement story link, t2k. Here's the full story in the LA Times:

latimes.com
Notice the bottom line for the plaintiffs:
"There were no proposals for structural changes, nothing on bundling," a source said. "It was sort of hard to imagine anyone getting excited about it."
...
"Certainly, announced finding of fact would likely facilitate efforts to settle," said Tim O'Rourke, a Washington antitrust attorney. "Nothing so much concentrates the mind as the prospects of one's own imminent hanging."
...
Numerous sources have said the states are seeking compulsory licensing of Windows.... More recently, sources close to the states say some members have backed away from that idea and others outlined in a state attorneys general position paper disclosed by the Seattle Times last month.