<<I think our safe position is to figure he rules against, and we take a 20 point hit>>
I must respectfully disagree, and I've backed my position by buying
call options today (January 135's). This is risky, considering the
air strike, but that is another issue, I think the air strikes have
given a temporary opportunity to get in on Microsoft.
I have to give the market credit for getting it right. This stock
rallied when South Carolina dropped out. Now it is irrelevant how
the judge rules, since microsoft has taken the hits publicly and in
court and the prosecution is winding down it's case ( a case, by the
way that gets weaker the longer it wears on). Now as the prosecution
is about to rest, we have the Judge himself admitting the case is
weak. So I'm looking for a 25 point or so run from here to mid January, here's the reasons why:
1. Runup towards good earnings (when has MSFT ever screwed up earnings?)
2. Defense begins.
3. Earnings warning season ending.
4. January buying of indexes(MSFT Huge component), Jan effect.
5. AOL/Netscape deal closes, providing boost to defense
6. Relief when bombing stops.
Folks, all you need is 20 points with options to make boatload cash.
Remember, your good buddy JP gave this to you free of charge, just
because he's so grateful for the fine capitalist system, and he
wants to give something back. |
