How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 401.14

+1.9%

Feb 6 9:30 AM EST

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To: Columbo who wrote (4006)	11/13/1997 8:01:00 AM
From: jim shiau	of 74651

>You are right. Something is keeping the stock up. I think it is MSFT. As I know, the CFO has said in the last earning conference call that MSFT bought back 2m shares in the last qtr which mean the price they paid must be above 130. Another, MSFT sold 10000 120@PUT contracts every month. If they don't get the shares, they will move the strike price up. If you are an option player on MSFT, you will notice that the 10000 PUT contracts volume showed up very often. If MSFT doesn't think itself is overvalue, why should investors think so. Jim S.

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