How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 493.85

-0.7%

10:08 AM EST

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To: Jill who wrote (30646)	10/15/1999 12:35:00 PM
From: t2	Read Replies (1) of 74651

Jill, I got a little concerned about the market, feeling that we could could have a huge decline. Then it struck me!! Fear is out there and has been all month. The market is bottoming when someone as bullish as me gets a little scared. There is probably a lot of cash that has to be invested. The worst thing for a fund manager (with a sizable cash position) is see weakness in the market and not buy. They don't want to miss their opportunities. As far as options are concerned I have not played it at all today. If the PPI numbers were in line and the market went down in the morning, i would have bought October calls. Now i am in the waiting phase looking for some weakness in a few stock to buy January calls.

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