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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: Teflon who wrote (22442)5/10/1999 12:35:00 PM
From: t2  Read Replies (1) of 74651
 
Teflon, I agree with you to some extent on the options. Unless I can see better odds, I am not willing to take a chance on them. Of course better odds come with a somewhat lower MSFT price IMHO (75 or so) or a price that remains stable for a little while longer. I believe MSFT has been in the bottoming out process although I don't really believe in TA. I just think it becomes too good of a bargain in the 75 to 77 range based upon its fundamentals. I just see a short term range which could go up ONLY to 83 or so. I need better potential than that to buy short term options (leaps are OK in my opinion at current prices). However, I would be willing to try Julys if the stock remains at current levels going into early June or just after the re-start of the trial. In July I am hoping to see the 90s at least.

I did buy but picked the Nasdq 100---QQQ trust units this morning to capitalize on the move in the big cap techs. Sensing that the Kosovo crisis may be just about to end which will cause a short term rally (i think the rally has already started). Picked up RNWK and AT&T for a day trade that I hope will be profitable otherwise I might unload RNWK at a loss but may keep T if it does closer lower than my purchase price.
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