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

To: Gerald Walls who wrote (29287)	9/8/1999 8:17:00 PM
From: johnd	Read Replies (3) \| Respond to of 74651

Gerald, Codwag, djia: There is always a popular opinion on this thread. I noticed, that the popular opinion will be very bullish when the stock is about 10 - 15% higher than 200day moving average. Then there is a popular bearish view when the stock reaches the 200d moving average. This is mostly investor herd mentality. I have been trying to balance the feelings so that we get good discussion and get opinions and counter opinions. As per my positions, I had 75% in cash and 25% in msft. But decided to sell 50 puts on 90 strike thinking it won't go below 90 by next Friday. Worst case, I will end up owning 5000 shares at a net cost of 89. That is a bit higher than what I would like to pay. But in the longer term, it will be OK. Does it annoy any of you when I post bearishly? Because I can remain a reader only. Why waste time posting.