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Technology Stocks : How high will Microsoft fly?
MSFT 478.53-1.0%Dec 12 9:30 AM EST

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To: Al Whitehead who wrote (247)10/2/1996 11:26:00 PM
From: Michael Wan   of 74651
 
I bought msft 140 puts at $6 1/2 today. Got to put my money on what I believe. I think msft will not make the quarter. Right or wrong, we will know in two weeks.
I bought msft 125 puts before. Lucky enough, sold them fast enough to break even.
The market has a lot of steam going up. I guess foreign money did the most work. Just look at the exchange rate you can tell that a lot of Japenese bought dollars. If no good earning reports come out as expected, those foreign money going to fly faster than 474.
Michael
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