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

To: t2 who wrote (21192)	4/21/1999 4:24:00 PM
From: Shea Jones	Read Replies (2) \| Respond to of 74651

"However, I don't think that this downgrade did much harm. " While I agree that the downgrade should be considered meaningless, most of the market watch commentary today is laying MSFT's losses today at the feet of that downgrade. While the earnings report was no blow-out, it was incredibly solid, inspiring lots of positive commentary across the board from most analysts. The sector rallied today, there was absolutely NO REASON for the continued drop. It's really quite infuriating. I disagree with Drake's constant harping on the fact that nothing "exciting" is happening to keep this stock moving. That seems the view of a novice investor. Stocks don't rely on a carnival atmosphere to move or not move. If that were true, most stocks would go nowhere. MSFT has a lot of upcoming product releases, etc. that under normal circumstances would keep this stock a solid "must-have". I just can't figure out what the market is thinking. If you would have told me 3 weeks ago when we were near 95 that we would be near 80 after an earnings report like that, I never would have believed it. Here's hoping the market comes to its senses.