How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 487.41

+2.2%

3:26 PM EST

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To: Teflon who wrote (25537)	7/6/1999 2:33:00 PM
From: t2	of 74651

Teflon, I did not do an options day trade. Instead i picked up MSFT just over 91 and sold over 92. The dip in the stock was not significant for me to take a chance. I am not buying any more options. I am just looking for selling opportunities for my July 70,75,85,90,92.5, and a few 95s (not selling leaps). I have not been a big player of out of the money calls this time around as the risk/reward did not appeal to me. I might even start unloading my 70s and 75s today. I had great gains on these and maybe it is better not to get too greedy. On second thought, maybe i should lighten up at all strike prices(will at least think about it). I am way too heavy into MSFT. Profit taking can't be bad, especially with options. I will still have lots of stock and leaps options and will be able to benefit from further upside anyways.

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