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

To: Gerald Walls who wrote (31619)	11/4/1999 2:55:00 PM
From: 16yearcycle	Respond to of 74651

I have watched it all day and I have never seen something stay in a 1/4 point range on 15 million volume. It is weird, no matter what the explanation is.

To: Gerald Walls who wrote (31619)	11/4/1999 3:50:00 PM
From: johnd	Read Replies (1) \| Respond to of 74651

The problem with Cramer's bet is that in addition to the three possibilities, there is one other that he is betting on: The timing of the release of finding of fact from judge. He could easily postpone it another 2 weeks and stock could still be at 90, waiting for decision. Even if MSFT wins, the govt. could appeal. So there are too many possibilities. Playing out of the money calls with 11 days to expiration is high risk, which ever way you look at it.

To: Gerald Walls who wrote (31619)	11/4/1999 5:10:00 PM
From: taxman	Read Replies (3) \| Respond to of 74651

"I am loading up on Microsoft's November calls." i'm afraid he was a little late. even though microsoft went down .4375 and we are a day closer to expiration, november 95 call rose .375. implied volatility rose from 35 to 47. option players expect legal announcement tomorrow. regards

To: Gerald Walls who wrote (31619)	11/4/1999 7:14:00 PM
From: John F. Dowd	Respond to of 74651

First Craemers praise of Klein is a slap in the face to the rest of the DOJ lawyers. Why is he sucking up to these guys- is he getting ready to send DOJ after his competition? Options 1 and 2 make sense and therefore the short term out of the money calls circa 90-95 are not a bad idea. Craemer's third option is not feasible as has been explained on this board all week. Opening up the source code strips the third party licensors of their property rights and they were simply innocent bystanders. If the judge is smart he would realize that the source code would be useless to others as it would take them years to digest it. Of course the investment community understanding and perception of this might not be the same. Any such judgement could be tested on the basis of infringement on property rights. If they proposed an auction who would bid. After it was acquired by others who would maintain the standards of the O/S and insure that it was fair to legacy applications. This should not and if the Judge has half a brain won't be in the mix. JFD