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

To: codawg who wrote (30214)	9/27/1999 4:13:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

I hate days like today (as someone very long the market). I wish we had a flurry of buying at the end of the day. The good news is that the FED meeting is next week. I would expect a rally going into the interest rate announcement. That seems to have been the pattern recently---basically the opposite of what experts appearing on CNBC had been predicting. They would come on TV stating that rallies would start after the meeting when in actual fact they would start about a week before the news. Most people want to use such opportunities to get into stocks. I don't think it will be any different this time. The fact that we had such big selloff last does increase the possibility of such a rally leading to the FED meeting. As far as call options go, i am trying to avoid Octobers until there are less than 2 weeks to expiration. I am sticking to Novembers and beyond except for a little bit in very speculative lottery tickets that i holding. I am curious to know your time horizon on the calls and the type of stocks you are playing.