How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 484.52

+1.6%

10:57 AM EST

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To: TheStockFairy who wrote (31618)	11/4/1999 2:25:00 PM
From: Gerald Walls	Read Replies (4) of 74651

Cramer sez: thestreet.com Commentary : Wrong! Dispatches from the Front Placing Bets on Mister Softee By James J. Cramer 11/4/99 2:15 PM ET Mister Softee (MSFT:Nasdaq) and I have an old relationship. I have tried to be long the stock since the time it went public. I also have tremendous respect for the government, particularly the work of Joel Klein, the smartest lawyer in the government, who headed up the antitrust case. I don't want to make a bet on the case. I do want to make a bet that the decision will rally Microsoft's stock. As we are now getting the sense that the decision will come tomorrow, I am loading up on Microsoft's November calls. I am not buying the puts -- unless it rallies big before the decision. Here's why. If Mister Softee wins, I think it is huge for its stock. If it loses with nothing really punitive, it appeals and the issue goes away for months. The stock rallies. If it loses and the judge rules that Windows should be a common carrier -- meaning like a bus, meaning like Greyhound's profitability -- then the stock gets hammered and I am out the money in the out-of-the-money calls. C'est la vie. Seems low-risk to me.

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