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

To: ed who wrote (22093)	5/5/1999 2:08:00 AM
From: Sir Francis Drake	Respond to of 74651

ed - forget it, we can't really discuss this. I suggest you look into econ 101, and that will give you a base from which to make arguments. I'm not trying to be condescending, I really mean this. If you don't understand that p/e is not utterly arbitrary, you are missing basic information. To begin with consider this simple fact... bond rates - highest quality T bills have a yield that is as sure as anything in the financial markets. Against this yield, you measure all returns, and then consider other factors which you mention. BTW, bonds, and bond yields is what was responsible for the market tanking on Tuesday. I suggest you look into some basic texts. It will be very helpful. As to support/resistance etc. - look into any basic text on TA, and go from there. Good luck! Morgan PS Many of your questions regarding support at 74 I answered in posts to taxman on this board.