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Technology Stocks : How high will Microsoft fly?
MSFT 470.36+1.0%Jan 26 3:59 PM EST

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To: Sadim Gnik who wrote (2076)7/17/1997 12:59:00 PM
From: Ibexx   of 74651
 
Sadim,

As an addendum to my previous post re. MSFT LEAPS, I sold (short against the box) 20% of my calls VMFAL this morning, speculating that MSFT may be NEAR an intermediate top.

The stock may still go higher, especially if a split is announced, but I will average out the deviations of my decisions from the true top.

I plan to keep my long position for the foreseeable future.

Regards,
Ibexx
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