How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 508.69

+0.5%

3:58 PM EST

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To: taxman who wrote (27894)	8/5/1999 12:04:00 PM
From: Sir Francis Drake	Read Replies (2) of 74651

taxman - I was short 3 stocks - AOL, AMZN, CMGI. I covered when NAZ hit -60 figuring it is unlikely to go lower, so better take profits. I don't play options because I need SPEED, SPEED, SPEED of reation. Trading options is much slower than stocks which I can trade with split second speed. Also, I have my tools set up - LII etc., and I don't have that transparency in options, so I don't trade them. Plus I hate to pay premium. As far as % - I short AMZN very carefully - not many shares, because like I told t2K - liquidity concerns (same w/ CMGI). But AOL - I love to short it in big gobs - last time, it was 40% of my portfolio. AOL doesn't move up as fast as AMZN, and also it is easier to cover/short. Morgan

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