SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : How high will Microsoft fly?
MSFT 411.29-2.8%Feb 3 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sonki who wrote (3847)10/28/1997 5:54:00 PM
From: vinod Khurana  Read Replies (2) of 74651
 
Hello Sonki, I had an order to cover my shorts at $125 which I got filled on this morning. I could not however sell the put options until two hours into trading as my discount broker told me their options system was down. I finally sold the Nov 130 puts at $5 1/2 and the Nov 135 puts at 7 1/4 . I hestitated to go long this stock this morning as I believe that the DOJ is not about to give up on MSFT anytime soon and that the events to follow will once again take MSFT into the lower $120's and later to the $117 level.

I did however have an order to short 300 shares at $133 and to my surprise it got filled in the afternoon trade. I also bought back two Nov 130 puts at $3 1/2 and which I will accumulate if the stock fails to surpass $139- $140 which on my charts is the major resistance level.

Technically speaking, I am not bullish on MSFT stock as I see it falling to the $117 - $119 level the next time we have a correction.
No doubt the fundamentals are strong but I believe that has been factored into the stock price....the world can only make Bill Gates
rich so much. By the way, it seems like he regained most of the $1.5 billion he lost on paper yesterday. Talk about luck !!

V.K
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News