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When the president of the #1 software company and the largest company in
the world comes out and says that most companies in his industry are
rediculously overvalued, including his own, I think that's impetus enough
to cause a significant sell off. That's as good as saying, people
shouldn't buy our stock anymore because it's not worth the price. He
(Ballmer) used to beleive in perfect markets but not anymore? That's
enough to make me sell. Plus it seems like a lot of MS employees are
cashing in. My friend at the bank who deposits their checks is seeing a
lot of MS tracffic convert to cash. And the checks are large. I don't
care though, up or down, as long it moves.
-----Original Message-----
From: Robert W Cummings [SMTP:robert.cummings@xxxxxxxxxxxxxxxx]
Sent: Thursday, September 23, 1999 10:12 PM
To: Omega-list@xxxxxxxxxx
Subject: Stock Market going to recover?
Lots of negative press out about the stock market after today's reversal.
Any options on whether this was just a big break today and will be followed
by buying tomorrow or we in for another sizable correction? Nite S&P down
over 9 points bonds up strong.
Who was that Microsoft guy or mask man today geezer.
Robert
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