How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 483.03

+0.5%

Dec 5 9:30 AM EST

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To: t2 who wrote (28449)	8/21/1999 9:14:00 AM
From: Exacctnt	Read Replies (1) of 74651

Tech2000, <<I have been puzzled why it had not gone up yesterday. Concluded that a lot has to do with the Windows computer bug and the Compaq Alpha chip stories, it seems logical.>> I'm not sure why MSFT was down yesterday either. However, I did notice something strange at the close. I had bought Aug 85 put options and waited to unload until the final trading minutes of the day. Much to my surprise, I sold the puts at a 3/8 premium to the price of the stock. That is, I sold at 1 3/4. My take on this occurrence was that there was a scramble at the end of the day by put sellers that were willing to buy back their options at a premium. I don't know the relevance of this event and what it portents, if anything for Monday's trading. It may indicate that options had a major role in trading for the day. What's your take? Sir Francis, if you're reading the thread, what's yours? Regards

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