How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.58

+2.2%

3:59 PM EST

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To: Ibexx who wrote (2074)	7/16/1997 10:09:00 PM
From: Sadim Gnik	of 74651

Ibexx, <<re: I am afraid you had misunderstood my approach>> I guess I misunderstand too. Do you mean you are long LEAP calls at all times? How does this protect your long position? If you sense a sharp sellof, do you sell as many calls short as you own long? This leaves you with a net long underlying position which is fully exposed to the selloff. What am i missing? Personally, I'm comfortable being unprotected with MSFT as I intend to hold it until I retire. In my opinion, the price of MSFT (and other fine companies) does not depend one whit on tomorrow's price assuming we're looking ahead five years. Thus, if MSFT dropped 30% tomorrow, it wouldn't bother be in the least. Thoughts? Sadim (well...maybe just a little...) Gnik

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