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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: Michael Wan who wrote (306)10/21/1996 9:40:00 PM
From: Valley Girl   of 74651
 
Hi Michael! I thought you already bought 140 puts on Oct 2. You
didn't mention the expiry, were they Octobers that expired last
Friday? If so, did you make money?

Life as a bear must be pretty lonely. You (and I) may eventually be
proven right on MSFT P/E level. The operative word is "eventually".
I prefer to play the bear side by simply not buying, and optionally
holding cash for a downturn. There's $115K in my piggy-bank
earmarked to by 1000 shares of MSFT at the right price.

Option strategies were fun when I was younger, but just too much
of a gamble (and too much effort!) for me in my dottage. Should be
some fun tomorrow, eh? Cheers!
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