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


To: taxman who wrote (23279)5/26/1999 1:43:00 PM
From: Sir Francis Drake  Read Replies (3) | Respond to of 74651
 
<<nonesense>> oh, OK. How about support for MSFT at the level of 25 cents? Does that seem unbreakable? If 67 1/2 is nonsense, what is your level of unbreakable? Oh, I know - *there is no such thing as a sure thing in the market* - wow, thanks.

To me 67 1/2 *seems* unbreakable. Of course, nuclear war, and other catastrophic events might break that, but crazy guy that I am, in my trading/investing I don't count with extraordinary events in the market. If extraordinary enough, T-bills too could be worth no more than toilet paper. Down here on Earth however, I don't take into account odds of 0.0001% and less.

So, while it may be nonsense to you, IMO 67 1/2 is solid support. Everything is a matter of opinion until it happens. I'm not in the habit of calling opinions nonsense, unless I have iron-clad reasons. I may disagree, but "nonsense"? Rarely.

In any case, I'll act on my convictions and you'll act on yours - "nonsensical" though they may be.

As I say to Toy soldier:

Good luck in all your investments.

Regards,

Morgan



To: taxman who wrote (23279)5/26/1999 1:55:00 PM
From: t2  Read Replies (1) | Respond to of 74651
 
67 1/2 is breakable but I agree there would have to be some sort of disaster for that to happen not just interest rate or trial fears. The fed would not "allow" such a non-confidence type of selloff in the markets, IMHO. This is assuming that we get a market related decline in MSFT.

While I am still mostly in shares, I hope for a interday drop to about 73 so I can pick up a lot of options for myself as well as some friends and relatives who desire to rich fast!!!! That would be an awesome get rich fast chance that until recently thought would not come again. I am now expecting about 2 such opportunities by the end of the year.