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

To: t2 who wrote (22679)	5/13/1999 4:20:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

t2K - MSFT ran over 81, but was unable to hold in the face of a sell off in the market. This is not so unexpected. MSFT is not very strong, and will not be strong in the intermediate time frame. However, if the market is positive, MSFT will run up. Unless you can consistently predict where Nasdaq will be, it is better to be in MSFT for the up days, and keep lowering the cost of acquisition, so that you don't get hurt on the days when it sells off together with the market. My TA reading of MSFT remains consistent, and I have not seen any data which would cause me to revise it at this point. The first significant support is at 74, and very strong support at 67 1/2. At the other end of this, MSFT can move up very rapidly on news - DOJ connected, or business initiative connected. The first wave would take it to under 89-90. If there is as second wave, it will run up to 95, take a very short breather, and move to 98-100. If MSFT settles (not likely), you will have an immediate run to 110. The thing about the upward move is the fact that if it occurs, it will occur so RAPIDLY, that it is too risky to be out of MSFT, IMO. However, it is important to protect oneself from the decline/dead money syndrome. For that reason, I would trade to lower my costs of acquisition to at least 74, or even 67 1/2. Good luck! Morgan

To: t2 who wrote (22679)	5/13/1999 4:39:00 PM
From: ToySoldier	Read Replies (3) \| Respond to of 74651

Tech, I remember when I first saw your postings on the MSFT board that you said several times that you were convinced that IBM and ORCL were doomed companies (if you dont remember I can find your posts since they were not too far back on IBM's doomed future compared to MSFT). Well I dont know about ORCL but it seems that your statements and predictions on the fate of IBM were completely in the TANK. IBM stock up 19+% today! And that is after an already good run. Now exactly which stock is doomed? Looks like you have changed your tune that your statement today says that you will buy MSFT because it will ride the IBM coat-tails! Of course people like the Drakster dont question your credibility in making predictions. Proves many points and the credibility of Drake's opinions and your predictions on IT companys. Toy

To: t2 who wrote (22679)	5/13/1999 7:24:00 PM
From: DiViT	Read Replies (1) \| Respond to of 74651

The AT&T deal did not just net Settop boxes for WinCE... Microsoft in Net pact with AtHome By Alexander Davis, CBS MarketWatch Last Update: 7:08 PM ET May 13, 1999 REDWOOD CITY, Calif. (CBS.MW) -- AtHome and Microsoft announced Thursday they'll deploy high-speed Internet services in a strategic alliance for an estimated 15 million homes and businesses served by small and mid-sized cable firms. Microsoft's Windows NT operating system for corporate computers will be incorporated into AtHome (ATHM: news, msgs) network services. In addition, Microsoft (MSFT: news, msgs) will provide support and resources to assist in AtHome's marketing. "Microsoft's work with AtHome Solutions will bring a tremendous boost to our plans to leverage the power of cable and open nature of the Web to expand access to a richer Internet experience in small and mid-sized cable systems," said Dean A. Gilbert, chairman of AtHome Solutions. Thomas Kroll, vice president of Microsoft's network solutions unit, said the partnership will help "accelerate the wide-scale availability of broadband services for both consumers and businesses."

To: t2 who wrote (22679)	5/13/1999 11:39:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 74651

The one good thing about today is that as I look at volume on NAZ stocks most only traded 50-75% of avg volume. A funky sell off like today's on high volume would be troubling.