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

To: Bill Holtzman who wrote (27480)	7/28/1999 8:48:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Bill, The way you are playing August calls is the way i plan to play the January or possibly February calls--very close to expiration. Plan to make a lot of money. In the meantime--being in mostly cash is not a lot of fun. The little shorting i have done has paid off for 2 days and i gave up my gains in the last 2 days. Looking to take a vacation from this for a while. A bullish case can be made based upon the put/call ratio, which is high ---- this is a contrarian indicator and many believe the market will be going up as a result. I am not confident of this and that is why i am staying away from options for the most part. Good luck with your options strategy.