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 (22941)	5/20/1999 8:22:00 PM
From: Gerald Walls	Read Replies (1) of 74651

Morgan, I usually lose a little money trading stocks. It is like being in a cash position waiting for the big opportunity in options. Speaking of options, Cramer had an article today (http://www.thestreet.com/comment/wrong/749326.html for subscribers) that talked about the "lid" effect large call option position can have on a stock. He says that it looks like MSFT is capped at 80 and INTC at 60 until after expiration tomorrow due to the 31,000 May 80's and 25,000 May 60's open interests in the options for the respective stocks. While he doesn't specifically mention the Market Makers as the party capping the stock, this sounds much like the theories regularly expressed by some here, especially the MaxPain guy.

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