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

To: Sir Francis Drake who wrote (23222)	5/25/1999 6:02:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Morgan, Looks like you had fun trading the internet stocks today. Any rally we see in the next couple of day will probably end up resulting a big decline by Friday. These declines of the last 2 days in net stocks are probably enough to scare some investors out of these permanently--resulting in some more declines shortly (especially if we see a bounce in the morning). Short sellers are finally confident enough to take on the internet stocks--with a vengeance! I was lucky to be able to sell my small positions in GNET, Lycos, Yahoo, CMGI last week. Only ATHM was left for this week--which i sold yesterday. This might be a big time correction that may finally bring the valuations to little more reasonable levels. I would not be surprised to still see MSFT also drop a couple of dollars leading into next week's resumption of the trial. I was about to get rid of all my shares today to buy back at the end of the week but decided not to take the chance. Instead, i might hold off a little more before buying short term calls---however i am almost ready for leaps2002. Maybe the internet investors are ready for solid growth companies now. MSFT would be at the head of that list, IMHO.

To: Sir Francis Drake who wrote (23222)	5/25/1999 6:10:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Morgan, Could the problems people have in getting fills also be related to the number of shares sold. If you go over 1000 shares on some stocks, my understanding is that you no longer get automatic execution---which is almost instantaneous. If I am about to bail out of a stock, i usually send several small orders (rapid fire style) so that I don't go over the auto threshold in any one order. I think for MSFT it is 1000 shares but the brokers can find out to be sure. It may vary with the stock.