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

To: Teflon who wrote (27773)	8/3/1999 8:25:00 AM
From: t2	Read Replies (3) \| Respond to of 74651

Teflon, I have not decided whether to short or go long. Maybe will just stay out. By about 10AM, i should have a better idea which way i want to play this. Might actually do both--go long and short during the day. Yesterday it was just short. At this point not sure.

To: Teflon who wrote (27773)	8/3/1999 8:29:00 AM
From: Brian Malloy	Read Replies (3) \| Respond to of 74651

August is a great month for straddles

To: Teflon who wrote (27773)	8/3/1999 9:29:00 AM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

Teflon - speaking for myself, here is how I intend to play it: I will not short it from minute one of the open - I'll try to see if it rises some. Next, I'll look to see how the S&P futures look - if those are up, I'll wait for MSFT to keep rising. If it is a blazingly hot market, I will refrain from shorting MSFT. However, should MSFT reach 88+ I will probably short MSFT regardless. If the market is so-so, I will short MSFT. However, as always, I will not carry my short overnight. Bottom line, as a daytrader, I take my cues from the LII, and the S&P futures index. However, yes, my bias will be toward shorting. Morgan