How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.82

+0.6%

Dec 4 3:59 PM EST

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To: Matteo who wrote (27076)	7/21/1999 8:48:00 PM
From: t2	Read Replies (1) of 74651

Matteo, Welcome to the MSFT thread. Greg Maffei would definately know of the progress in any settlement with the DOJ. I just don't know if they are able to keep settlement talks a secret. However, the exchange between MSFT lawyers and the DOJ official through the media (when they adjourned) signals that they may have to prevent leaks this time--there is certainly more pressure to do so. I still think the Bristol case win in front of a jury makes the state attorney generals think long and hard about their future political careers. Fighting MSFT is not going to make a lot of friends among the voters----and they are not going to get any funding from this company. These State AGs are probably using their current positions as stepping stones to bigger things and you don't want to put yourself in a position to never get funding from MSFT to help your political aspirations. Might as well settle and declare victory!! I am remaining long on MSFT no matter what. I have hedged some of my shares with ---get this --selling August 95 calls (maybe to you)!!! I don't know if that is a smart decision but i am holding leaps and other MSFT shares that are not hedged. On a net basis, i am still long on the stock. Just worried about the market--it seems ready for a decline. We could get waves of selling in the near term. I hope it is over quickly--by end of July. Of course i could be way off base and we get a big rally, JMHO. The settlement possibility is what i don't want to miss. That should do wonders for MSFT. That is why i hope for a very quick correction so i will cover my short positions. That would still leave me in a somewhat defensive position (significant cash position) but i would not be somewhat bearish as i am now on the market as a whole. Good luck with your msft. BTW---I have been conservative with my call options this time around. I was taking much bigger risks last fall but the market had dropped so much at the time. Recently, i have done mostly in the money calls and still had great gains. If i had stuck to my old methods, i would have raked in a "ton" of dough. A part of my bearishness or defensive could have been the direct result of doing well in the last 2 months. Once one makes money, it seems natural to avoid risking the gains. I think i should be apply psychology to understand how my investing behavior changes after a good run. It just seems natural to me to want to take a break.

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