How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 476.93

+0.6%

Nov 25 3:59 PM EST

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To: johnd who wrote (26916)	7/20/1999 6:51:00 PM
From: t2	Read Replies (1) of 74651

johnd, Good logical approach. A part of my defensive has to do with having a very good run with my calls options and a need to take a breather. It is sort of a natural need to preserve capital after gains that were incredible. However, this is about as bearish i have ever felt. Through all the old selloffs (Asia, Brazil, etc) i remained positive but now i am just too uncertain and to me that is a sign to cut back (using the same logic as you). I am playing the short side temporarily---if i make some gains i would go in cash waiting for the next great opportunity (long).

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