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

To: Teflon who wrote (24394)	6/18/1999 4:25:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Teflon, I had some great days with my call option holdings and trading. I decided against trading today. I am holding a lot of July and leaps calls on MSFT---and feel pretty comfortable about them. We should have an incredible ride all month. I am not so sure of July. The biggest gains might be this month. A lot of people may use July as a time to sell (possibly). It will all depend upon how much of a rise we get in the markets this month. If MSFT hits 95 by this month (only 10 points), i would get out of options and hold only stock (and a lot of it). If we stay at these levels, July could still see big gains. It appears to me that investors are making their buying moves much sooner than normal. They want to beat the "rush" on earnings run-ups. The only problem with that is that their exits may also come a little ahead of time (that is why i fear July a little) BTW--MSFT closes at its high for the day--85.