How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 486.51

-1.5%

12:52 PM EST

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To: Teflon who wrote (23081)	5/21/1999 3:29:00 PM
From: t2	Read Replies (2) of 74651

Teflon, If you are interested in selling July puts, you are better off waiting for a couple of weeks. The trial starts the week after next (june 1), and a lot of investors may be expecting negative courtroom theatrics. It is the "expectation" of this that may be a driving force in the price for the next 1 to 2 weeks. We might still get a wave of selling into the trial. At least the odds are greater than having a major rally in MSFT over this same period. I expect it to stay within the 75 to 82 range. I am waiting to buy calls---have decided to wait for 76 or so before getting aggressive in options but I am evaluating on a daily basis (77 was my previous options buying point). We are going to get a major run-up but I think it will be swift--middle to late June to earnings release. No settlement is expected before June 1---so why not wait?

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