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


To: taxman who wrote (31639)11/4/1999 8:00:00 PM
From: t2  Read Replies (2) | Respond to of 74651
 
The stories of put prices being more than the call near the money (according to the street.com article) seems to suggest that panick has already set in.
The sellers must have been out of this stock a few weeks ago--no wonder it went nowhere. Most like myself consider this a huge buying opportunity ahead of Windows2000.

The movement in the MSFT is indicative of how the market sold off a lot of tech stocks ahead of October only to bid them up to new highs now. MSFT was left behind because it was facing its own "october" thanks to the judge. Once that is out of the way, we should move up swiftly, IMHO.

I might actually sell some puts rather than buy the shares tomorrow.--85s or 90s.