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Technology Stocks : How high will Microsoft fly?
MSFT 492.06+0.2%Dec 9 3:59 PM EST
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To: Uncle Frank who wrote (16865)2/24/1999 2:25:00 PM
From: johnd  Read Replies (3) of 74651
 
Uncle Frank,

Having done options for 15 years, all I can tell you is
when your original profit target is reached dump the baby
and take the profit. MSQCJ is march expiry - anything can
happen in the short run. The least I would do is roll it to
April or even June, either pay more for same strike OR
pay same but increase strike.

MSFT CAN be at 190 by March. But what if we are wrong because
of some factors that we don't control? and say it closes
at 150 by March 19th? We should be prepared.

I normally don't do short term but I have been reading this
thread a bit too much I guess.
johnd
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