How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 507.73

+0.9%

1:20 PM EST

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To: t2 who wrote (29794)	9/21/1999 4:46:00 PM
From: Exacctnt	Read Replies (2) of 74651

T2, I held my Oct 100 calls. But tonight I am going to look at Jan options to see their prices. A day like today scares me into thinking that a correction may be imminent lasting through October. Market breadth is terrible. The option plays would be protective. That is, sell calls and buy puts. Hopefully collect the call premiums and use it to buy puts. Companies to play: CSCO EMC INTC MSFT QCOM RMBS SLR and SUNW. The "Buy the Dip" mentality may have run its course. Tomorrow may prove interesting. Regards

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