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


To: John F. Dowd who wrote (20676)4/18/1999 5:14:00 AM
From: ed  Respond to of 74651
 
Forget these stories about money rotation, MM droped certain BIG TECH stocks ...etc. The stock market is about making money, and it is the big players who controlled.The MM wrote calls on their holdings all the time, and they do not like their stocks got called, so they short the market big time one week before the expiration day. It always happened this way one week before the option expiration.
So, It is all about making money , the rest of the stories are just minor events. After
the expiration, CNBC will put such comment, the money start to rotate back to the Hi Tech sector, everything is just fine.



To: John F. Dowd who wrote (20676)4/18/1999 8:55:00 AM
From: Richie  Read Replies (1) | Respond to of 74651
 
JFD,

I don't get the rotation either, but that 9% is an "after tax" profit (real money, not just paper gain) as your analysis pointed out. This "tax" thing is precisely what has kept me owning my tech stocks this week.

RichieH