How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

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To: t2 who wrote (14312)	1/14/1999 5:16:00 PM
From: J. P.	Read Replies (1) of 74651

<<I don't understand MSFT's price moves.>> Maybe it's strike pinning for options expiration. I don't like the action of the market at all, I'm gonna hold out on my Microsoft options to hear the earnings report. But I did this with Yahoo and Intel and was rewarded with prompt price drops. Won't be surprised if this happens with Microsoft also, but I'm still gonna hang on and see what happens. If it does drop on a good report, I'll take my medicine and sell the Februaries at a loss. The Nasdaq looks very ripe for a tech wreck as far as I'm concerned and I'm beginning to accumulate puts. The premiums are very low on puts right now, but if we crash and burn, that's gonna change real quick. Puts on what? Well you can probably throw a dart, I'm loooking at high priced stocks that have a parabolic runup. Sorry to be bearish, but that's the way I see it right now.

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