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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (24149)	6/15/1999 9:36:00 AM
From: Teflon	Read Replies (1) \| Respond to of 74651

Jill, the first thing I must admit is that I am doing no trading right now. I am sitting still waiting patiently for some direction in the Market. I am comfortable with what I own, which includes SFE all the way up to $90 and CNET at $50, but I will not buy more until I sense where the Market might be headed for the Summer. I have no problem waiting this correction out for I love the stocks I own and feel I got them at good prices. The Market is a funny thing, however, it always finds a way to remind me that it is smarter than I am. Therefor, I stick with the buy and hold strategy and try to stay away from the trading. Regarding CNET: IMHO it is an incredible bargain at 40. This is one of the top premier internet stocks in the market that actually makes money. Its management is also world class. Having said that, I will probably be forced to buy more CNET come this Friday as I sold a bunch of puts on it and will choose to exercise the puts since at this level I will still get the stock at a discount. Who's to say where the Market is headed, though. I certainly do not know. MSFT's behavior has given me hope, but this inflation talk is getting out of hand. This will be the third straight options expiration session on Friday that we will head into with the Market selling off. That tells me the institutional players have been consistently selling calls on their positions and shorting the general Market to insure their long portfolios are not lost. What a game this Market is. Teflon