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Technology Stocks : How high will Microsoft fly?
MSFT 492.01+1.3%Nov 28 12:59 PM EST
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To: J. P. who wrote (31566)11/3/1999 3:47:00 PM
From: TheStockFairy  Read Replies (2) of 74651
 
Keep in mind that ISLD is not a good indicator of actual buying and selling strength or weakness. What happens is that when you get much past the going price for a stock, and you start heading off the ISLD bid/ask screen, you get some crazy sell or buy offers.

For example, if MSFT is selling for 93 currently, the lowest bid is probably 20 and the highest ask would be something like 250. So when you see that there are 450 lots out to bid and 750 out to ask, that doesn't mean that there are serious buyers or sellers there.

As for the way of the dodo bird, only Jackson knows which way the stock is going to go at this point. At first, I thought that we would rally hard to the upside if the decision was favorable. Now I am thinking that the stock will only pop about 3-5 points. I think that the downside risk is roughly 15 points than a buy the dip up about 8 points. I attribute the gain to the relief of the news and overall market softness currently.

So, if what I am estimating holds true, either it is a 100% wipeout of your money if the decision is negative or a decision is not made. If the decision is positive, you are looking at 1-3 bucks per contract.

Now, what do you think about the 105s I am holding? :(
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