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

To: Sir Francis Drake who wrote (22792)	5/17/1999 3:40:00 PM
From: Teflon	Read Replies (2) \| Respond to of 74651

Morgan, I have my long term core holdings, and then there are holdings that I trade (I do not trade any of my MSFT stock, I plan on keeping it for at least another ten years). Moreover, I work "in the business" and have plenty of colleagues who are much smarter than I. And though I am not a Day Trader, I am pretty adept at following market trading patterns and the like. Having said that, we can go on record here today and just see what happens: 1)Technically a couple of things trouble me. MSFT has made up the Friday decline - great (hopefully it will hold). What troubles me is volume. MSFT declined on 42 million shares. Thus far MSFT is at 27 million. Further, the block interval buying is weakish (thus far). Some would consider last Friday a blowoff to the downside with a delay in confirmation today to the upside from a volume perspective due to the FOMC meeting tomorrow. I expect we will see the volume and block trading (on the buy side) return in short order once Greenspan has his media time. 2)And of course, I disagree about the trial. I do think it has an impact (negative), on price. I believe the comparison to MSFT's reaction last year to the DOJ is not relevant this year - MSFT's position vis a vis the DOJ is far worse this year (perception). And "of course", I disagree with you on this one as well. I don't think it will ever get as bad as it was when the DOJ and the states held their initial press conference the day they filed their suit against MSFT. We now have discussions of settlement in the news on a regular basis, and the consensus is more than ever that MSFT will just drag this out in the courts for years if they don't get satisfactory terms in any potential settlement. Most of the institutional people I talk to do not even mention the trial except when there's discussion of when a potential settlement may likely come about. Other than that, it's fully priced in. We shall see. BTW, SFE is up!!!! Teflon