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

To: taxman who wrote (23157)	5/25/1999 1:11:00 AM
From: ed	Respond to of 74651

You are funny to ask such question !!! If a TA people said if Microsoft can not hold at $76 then it will drop to $$67 otherwise it will rise to $80 is equally to say that X+Y=1 or not equal to 1 . That is a very funny logic. Most of the stock in the US market is controled and manipulated, and we all know that. Generally when the analyst said the target price for Microsoft in 12 months is $125, and when the stock really hit $125 in two months, do you think the stock hits $125 in three months is because the analyst is smart or because he had set up a target of $125 in public and every investor keep buying till the stock hits $125 ? Nowdays , not only the analysts , fund managers tried to control and manipulate the stock market , the government is also trying to control and manipulate the stock market . We all know that AG is not a stock analyst or stock broker, but represents the government on the financial policy , he should be in a position to be neutral about the stock market . But you all know he always put a comment on the stock market . What if AG had a good friends always short or long the market before AG giving any comments on the stock market , while his good friends always get first hand information from AG about what he is to say on the stock market the next day ? It is dangerous for the government officials to always put any comments on the stock market , otherwise he should work for the Wall Street or change the name of FED to stock manipulation office. Looking at MSFT's stock activity in the past one month , whenever the stock hit $80, it was always push down , and when it hit $76 , it always had strong support, do you think that is a coinsistence for GOD's sake ? Not at all. The stock market is a random model, there are millions of investors in this game and each one has different thinking about MSFT , most of them are small investors. How can the millions of investors of Microsoft all end up with the same thinking, i.e sell Microsoft at $80 and buy at $76 ? Especially there are more than 20 million shares being traded everyday ? So, there is a big hand behind the screen, whenever MSFT hit $80 or $76 , the sell/buy buttom was triggered, unlimited sell and buy.