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

To: John F. Dowd who wrote (27538)	7/30/1999 2:25:00 AM
From: t2	Respond to of 74651

JFD, i use QQQ(Nasdaq 100), DIA(Dow 30), SPY(S and P 500)---trading on the Amex. I also buy puts on QQQ. In addition, i try to pick a few tech stocks (especially internets)---AMZN, RNWK etc. Going to stay away from the puts (starting now) simply because i don't want to play options during this period. Lucky to get a chance to make money on these due to today's rally. Not as certain of a market crash as i was. The big rally on the Nasdaq on Thursday surprised me as well as the high put/call ratio which was bearish---a contrarian indicator. I also was surprised by how Intel was moving---very strong. For that reason, i am going to play it safe by shorting the market or individual stock but no options at all.