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

To: Teflon who wrote (25032)	6/28/1999 2:20:00 PM
From: t2	Read Replies (3) \| Respond to of 74651

Teflon, MSFT up $1. Not bad. It looks set to move much higher once the "news" is out. If the market keeps churning and MSFT stays up, we should have one hell of a run starting Wednesday. Like I have said many times lately, the reaction to the news might come ahead of time. It seems everyone is expecting a rally. Therefore it will be a race to buy the stocks ahead of time. A lot of investors might jump the gun and push this market up by tomorrow--even with low volume---ahead of the actual news. That is what i am betting on so that i could reduce my options positions, which is quite large at this time. If we get a dip, i am planning to add some July 87.50s, 90s, 92.50 or 95s---at the right price. It all looks good to me.