How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: Teflon who wrote (27494)	7/29/1999 10:15:00 AM
From: Uncle Frank	Read Replies (1) of 74651

>> What a nutty Market we have these days don't you think, Frank? As you have posted about yourself, market timing isn't one of my skills either <I failed stochastics in kindergarden>, but a retracement after 2Q earnings announcements has been pretty predictable event in recent years. I wrote August expiry covered calls on some of my high fliers early in the week to hedge a little and to generate some extra cash for bargains. I didn't write cc's on Microsoft, though, as I think it is extremely undervalued at this level; a resolution to the doj suit could make it spike by 20%, and that could happen any day. Frank

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