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

To: Jean M. Gauthier who wrote (31660)	11/4/1999 10:03:00 PM
From: t2	Respond to of 74651

Hi Jean, I hold MSFT Nov 100 calls---just a small speculative position. Selling naked puts or buying calls is bullish. I do hold some leaps and plenty of shares. I don't really consider leaps as very speculative and usually don't group them in with my options holdings. Regarding Cisco: Remember the message to you earlier this week about John Chamber's interview on CNBC last week. It was a matter of intrepration of whether the glass is half empty or half full. He was bullish going into 2000 and 2001 but sidestepped the Y2k issue. Instead he said, he prefers to look out to 2000 and 2001. The interview was during the quiet period for Cisco. They have a great track record and the market may be forgiving even if they provide a somewhat negative outlook for the next 2 or 3 months and/or release weak earnings. I actually dumped NT. If you do want to buy calls, you might want to average it out--buying before earnings and then afterwards. If it weakens further, maybe buy before earnings. It is a tough call to make. I would say that overall, Chambers was positive(at least last week) and probably be this way at earnings-- and in the end that is probably what will matter to long term investors. As for myself, i have never really invested in CISCO or traded it much. I have focussed mostly on NT and they have been positive going into Y2K. I would rather buy options on JDSU Uniphase or INTEL if you are looking for a 2 to 3 month trade. My selection criteria or at least part of it is to find companies that don't see a Y2K problem. Good Luck. BTW--thanks for the undeserved nice words about my posts. I usually rush them and don't organize my comments.