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: Valley Girl who wrote (307)	10/22/1996 6:34:00 PM
From: Michael Wan	of 74651

Valley Girl, I am not a bear by any means. I don't describe market by terms bears or bulls. A bear market is always a bull for a put buyer. My investment strategy on options is to buy calls when a stock is on its way up and buy puts when a stock is topped. I don't buy puts on stock which is on the way down because I don't know how to call the bottom. I made about 5k on msft puts during the last four weeks. I was ready to go, msft did not give me a chance today. Maybe another time. If msft dropped to about $125, I will buy calls. Happy Investing. Michael

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