How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 493.80

-2.7%

Nov 18 3:59 PM EST

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To: Morgan Drake who wrote (24312)	6/18/1999 12:29:00 AM
From: t2	Read Replies (3) of 74651

Morgan Drake, Your logic seems OK to me. You should be able to exercise these options anytime before expiration (but why do it?). The problem could be related to the size of the order itself and the fact that exercising before expiration is very unusual. The guy on the phone and some levels of management may just not to assume responsibility in giving the green light. Expect to get the go ahead tomorrow(just my guess). What is the rush anyways? You could just as easily wait til expiration and you won't have to pay margin interest either. Maybe that is the problem--your request to buy on margin may not make sense in the first place and that is why there is some confusion. Maybe that is why they don't have a written policy on such a situation as the proposed transactions does not make sense. If you had been buying only with cash, it would make sense. Just my guess as i don't usually exercise options. Good luck.

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