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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (3655)8/3/1997 10:29:00 PM
From: Joan Osland Graffius   of 94695
 
bob, I do not own any MSFT calls. I bought a trading position in the stock at a little over $136 and am just waiting. I currently have a sell on this position at $147 3/8, but am thinking of pulling this sell in the am. I will watch the options trading to give me a clue as to where the stock is headed. The stock could gap up in the am with the DOJ approval. I don't know of anything that could give us a sell off, except another big sell off in the bond. Also Louis Rukeyser's guest on Friday was joshing about the MSFT management trying to down play the stock when they are growing at 50% a year.

Joan
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