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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Harvey Allen who wrote (23797)1/14/2000 8:25:00 PM
From: Craig Freeman   of 24154
 
Harvey, I hope the other thread-bearers consider themselves to be "eclectic".

Don't forget to mix it up. If you had bought all the tech stocks that I mentioned in my prior post, you would have been up ~6% today :-)

Side story: Back when MSFT was about to introduce Windows 95 there was a lot of skepticism in the market about its future prospects. The stock flattened out just when I thought it would rise. So I invested the not-so-grand sum of $800 buying 5 calls and selling 5 puts at a strike price equal to market. I lost a lot of sleep knowing that I would be creamed if MSFT took a dive but I held on for a while and then sold the options. My profit was enough to pay for 100 actual shares. The next time MSFT split, I sold 100 shares for a ~$10K profit and held onto the rest.

In a few months, Windows 2000 will be bigtime news. and, right now, there's a lot of skepticism about how well MSFT will do in the future. Not that I would recommend anyone do an options play on my advice (at least not without a lot of research) ... but ... does this sound familiar?


Happy trading,

Craig

reply to : "Craig- Very eclectic thread here. I took you advice and added MSFT @ 111 11/16."
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