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: codawg who wrote (24793)	6/24/1999 8:17:00 AM
From: t2	Read Replies (1) of 74651

I am holding July 80s, 85s and 90s. Obviously i think it is a good strategy, given the right exit strategy. So far, I am only holding the July 70 calls. I am trying to time the bottom of the current dip in the price of the stock. I believe 80,85,90s are a safe bet. If by chance the stock drops to around 83 to 84 in the next 2 days, i plan to add all 3 strike prices. If the drop is not that much, will stick with 80s and 85s. MSFT under 85 is an incredible play for an earnings runup, IMHO. Sometimes it is good to ride out to expiration --- as in this case due to earnings out after expiration (probably 1 or 2 days). I guess it depends how much it goes up before deciding whether to hold out to expiration.

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