How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 496.92

0.0%

Nov 7 3:59 PM EST

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To: taxman who wrote (25895)	7/12/1999 8:39:00 PM
From: t2	Read Replies (4) of 74651

taxman, I have just about finished with my July calls. Sold a lot while the stock traded over 94. This is not due to a belief that the stock will stall but more to do with profit taking. No more stress for me (30% in MSFt july options was just too much to take, even for me). I have decided to still stick with a lot of leaps options and a few July 95s in case MSFt keeps going. I think we may head for 100 but am no longer greedy for more. My MSFT shareholding and leaps should be enough concentation(still around 50% for me but with a large cash and moneymarket position). I have just liquidated large options positions--getting ready for some day trading, a somewhat safer activity for people like me. I am away from constant monitoring of the market and CNBC for a week or so. I hate getting only snapshots in such an important week. However, i have gotten lucky with great fill prices today. BTW--no puts for me---cash is better.

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