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

To: McNabb Brothers who wrote (26197)	7/20/1999 10:46:00 AM
From: larry	Read Replies (2) \| Respond to of 74651

Hank, Sorrt that I missed several of your emails! I think that the nets will have further consolidation over the next several weeks and AOL, AMZN, and YHOO! will test their recent lows again soon. EBAY is heading straight to 100. If it cannot hold that level, watch out. Don't play long side for too long period of time. I will only buy on huge dips for a quick trade. I have some nice puts on EBAY and AMZN. Tried to play AOL earning rally, but it looks like that the issue is even in worse situation that I can imagine. I won't consider buying until it goes down to double digits, and then i will thinnk about selling Oct. puts for the next little leg up. Why not buy MSFT at 85 and sell YHOO! oct. puts when it dips toward 120s? I only have QCOm right now plus DELL naked leap puts I sold a long time ago. QCOM is awesome, but I think that I will have to sell in the near future, even if I have to pay heavy taxes. good luck, larry