How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: t2 who wrote (16272)	2/18/1999 2:30:00 PM
From: Gerald Walls	of 74651

Further to my post regarding the institutional seller of 11,000 contracts of leaps2000-- Jan125. I bet this big time investor wants to buy back the puts sometime in the near future. Can buy a lot of shares to ensure stock goes up. It could be Microsoft. These puts would cover 1,100,000 shares, or at the strike $137,500,000 worth. How many shares do they usually buy back each year? They've stated in the past that they routinely sell puts to lessen the buy-back costs and that they've never been assigned.

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