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

To: Jean M. Gauthier who wrote (30874)	10/19/1999 8:18:00 PM
From: EepOpp	Respond to of 74651

Jean, what i did was i bought the nov 80 puts @ 1 7/8. The reason why is because if i was wrong, i wouldn't lose that much. Also, I figured that if MSFT disappoints, the market would really tank and of course, MSFT would blow past whatever price support levels it had. If i truly believed it would go down, i would've bought the Nov 90 puts @ 6 1/4 which means a breakeven price of 83 3/4. Since the stock is at 86 5/16, that's only 2 9/16 away...not very far for the stock to have to move. but the worst thing about the trade was that i did mainly for emotional reasons. Not supposed to do that. i shoulda known that they learned their lesson when Ballmer spoke a few weeks ago and tanked the stock that they would do everything they can to make sure it doesn't happen again, as is evidenced when Gates spoke recently. now, i'll try to sell those Nov 80 puts at whatever price i can get for them in the morning so that i don't lose then entire 1 7/8. hope this answers your questions. EepOpp ps. course, if an unfavorable judgement comes in, i'll REALLY be pissed. : )