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

To: J Krnjeu who wrote (23257)	5/26/1999 9:10:00 AM
From: taxman	Read Replies (2) \| Respond to of 74651

BEFORE THE OPEN (Updated throughout the hour)****** Intuit Inc. (INTU) 77 9/16: --UPDATE-- Morgan Stanley Internet analyst Mary Meeker has raised her earnings estimates for the financial software maker after yesterday's positive earnings report; FY99 estimate goes from $1.27 to $1.30 and FY00 goes from $1.50 to $1.54; Meeker sees INTU as a core holding and sees the only downside risk being Microsoft's (MSFT 76 1/4) possible entry into the tax software arena..... Copyright © 1999 Briefing.com, Inc. All rights reserved. regards

To: J Krnjeu who wrote (23257)	5/26/1999 9:21:00 AM
From: Teflon	Read Replies (1) \| Respond to of 74651

JK, I think this correction is healthy for the Market and for MSFT. I believe MSFT corrected early with respect to most of the tech market, and it's nice to see the rest of the sector pull back in line with MSFT. MSFT is showing me strength in its trading and its ability to hold above 76. I may break the 76 support line, but I am hoping it doesn't. I sold a bunch of June Puts yesterday on MSFT and CNET. We shall see where we head from here. I am banking that we start heading higher in the near term...it may take a little more time than I originally thought, however, as the correction seems to be broadening out. The internet sector has corrected almost 40% and hopefully history will repeat itself and the market will rebound to new highs. This has been the case the last three times the internet sector has corrected >30%. Reaching their old highs would be good enough for me at this point!! Also, I am buying more SFE at these levels. Teflon