How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 477.66

+0.8%

3:56 PM EST

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To: johnd who wrote (13416)	12/21/1998 7:02:00 PM
From: t2	Read Replies (1) of 74651

I am trying to guess when this correction in internet stocks would take place. My guess is that it won't be for at least a month as there should be a good surge in the rest of the market as well (too much momentum). Only when the market starts dropping like this past September and October, would we see such a correction in these stocks. However, as we witnessed, the individual investors are getting more and more confident and will probably buy on the dips--causing the dips to be of a shorter duration especially in the large tech stocks. As i see it, that is the best time to get into call options (i did in Oct) with expiration dates about 2 to 4 months away. I might be unloading some January calls options if we see another surge in MSFT in the next week or so -- moving into the stock itself. If we don't see a surge, I am looking into buying way out of the money January calls. I hoping to capitalize on either scenario. Hopefully there won't be any unforeseen third scenario.

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