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

To: larry who wrote (27964)	8/6/1999 10:29:00 AM
From: johnd	Read Replies (1) \| Respond to of 74651

Larry, As this article says there is some chance of rate hike before August 24th. It is surprising how the market reacted at the open after inflation was reaffirmed with the jobs data. Do you think it is a reasonable strategy to buy puts on QQQ in anticipation of a surprise fed hike next week?. I am also hedging against my long position (still 50%, the other 50% is in cash). dailynews.yahoo.com By the way, I am surprised the MSFT August 85 put costs me 2.25. So expensive considering MSFT has to get to 82.75 by next two weeks for me to breakeven