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Technology Stocks : How high will Microsoft fly?
MSFT 486.98-1.4%3:59 PM EST

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To: J. P. who wrote (14387)1/16/1999 2:57:00 PM
From: t2  Read Replies (2) of 74651
 
JP, The problem with holding the Feb 150s past earnings is that if they don't
announce a split and come in at the whisper number---the premium is going to
be lost. That is why I am hoping for at LEAST a $5 run up Tuesday, which I think
is going to happen (expecting $8 again). It may not be worth holding on to the
Feb 150s under such a scenario.
That whisper number could be between 60 to 63 cents depending on the run up we
get on Tuesday (I personally don't care for whisper numbers). I think their
"real" earnings are going to be a blow out. However, if they are not, I expect to
see a big increase in the unearned revenue account (currently at 3.1MIL). Either
way, we will know what they really made. This is another reason why the whisper
number does not really matter. I am expecting big numbers but will probably hold
stock going into earnings and not options (maybe I will keep a few April calls).
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