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


To: Valley Girl who wrote (34930)11/29/1999 6:24:00 PM
From: johnd  Read Replies (1) | Respond to of 74651
 
Why December 100 or 105 calls? Do you expect stock to move
above 100 in next 3 weeks? If so why?



To: Valley Girl who wrote (34930)11/29/1999 8:07:00 PM
From: PMS Witch  Read Replies (1) | Respond to of 74651
 
MSQLT and MSQLA options ...

I'd view purchasing these options the same way I'd view purchasing lottery tickets: Low cost, high reward, slim chance, a gamble more than an investment. I'm not a gambler. For those who are, these options offer pretty fair odds.

I can't see anyone risking losing their shares, at triple digit prices, for a few pennies today: Especially so with the 'great unknown' lurking in the shadows. Maybe looking at things from the opposite direction, and questioning the seller's sanity makes a compelling argument for buying.

In either case, I wouldn't sink more into these options than I was prepared (and can afford) to lose.

Plan B ...

My plan B is to do nothing. In other words, not increasing my exposure to the risks (or rewards) of holding this stock. Over the years I've observed that those times when I've had the greatest confidence in the correctness of my strategy, that same strategy, turned out to be predicated upon the most ill conceived assumptions imaginable.

Just my thoughts.

Cheers, PW.