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


To: t2 who wrote (26477)7/17/1999 5:48:00 PM
From: Bill Holtzman  Read Replies (2) | Respond to of 74651
 
I left my limit sell in on my Aug 100's. It kicked on Friday of course and they sold at 3 (went to 5). I also bought a few July 95 calls on Thursday at 3:45 at 9/16!!! Unfortunately, I took my small profit on the open :-((

I've let it ride many times before...oh well, still made money.

Still have a core holding of Jan 110's and 2002 LEAPS however. I'd sell some of the calls on Monday if the stock ran up to 107 or so, but I'm not scared of holding through earnings. As you pointed out, it's probably pretty fairly valued. The trial has cast a black cloud and as it's resolved we should see more blue skies. I agree the pre-market should give us an idea of how much panic buying may be out there. Sucks to be out of the stock during a move like this!

Not sure why you want to get out of your LEAPS. To me, my 2002 LEAPS at 110 are some of the best options I ever bought. Only real concern is that this gorilla has simply gotten too big. Perhaps that's one of the reasons there's talk about the tracking stock.