"Joseph Parnes" is an American businessperson and registered Investment Advisor notable for his involvement in short selling. He is president of Technomart Investment Advisors and editor of the market letter Shortex. As an investment advisor, he has distinguished himself as one of the foremost short sellers in the stock market. His investment strategy is known to be contrarian in nature as referenced in Barron's feature article "Now a Word From the Dark Side".

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Even at these prices I really think that a Microsoft will continue, perhaps not to go back to the great growth that they had before but very close to it. The stock is facing some sort of a springboard, possibly heading toward their previous recovery high of the 70s and possibly into the 80s.

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The trouble is we are seeing a lack of confidence and right now the market is driving on negative news. Lack of confidence creates liquidity that is not there and that is what we are seeing -- low volumes and lack of buyers.

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