How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.98

-1.4%

Nov 19 3:59 PM EST

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To: codawg who wrote (29648)	9/16/1999 7:08:00 PM
From: t2	Read Replies (3) of 74651

codawg, I was about to bid a boatload of options contracts at 1/16 or taken them at 1/8(splitting the bid and ask). On the Sept95s----there were 300 to 600 percent payoffs by the end of the day. What kept me from taking such a position was that there was nothing eventful happening next week that could cause a spike late Friday--like earnings release or some new product launch. In other words, it would have been just a gamble that one could take at a casino. That was my reason for settling on the 90s as there was not much left above the stock price---meaning i could trade them with the movement of the stock itself. BTW--I would still bet on a late day Friday rally but only if we did not get a rebound like we did this afternoon. Overall, i am optimistic about tomorrow's trading but i am not as convinced as i was this morning----would need to see the opening of the market before i get a feel for what (if anything) i would "play" tomorrow.

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