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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2034)	12/15/1999 3:57:00 PM
From: J.T.	Respond to of 19219

Sold 1/3 of MSFT 105 Dec Calls which will cover entire trade plus profit. I have open sell limit order GTC for the remaining 2/3 position. EDIT: Entire position sold for 15 Bagger. Best Regards, J.T.

To: J.T. who wrote (2034)	12/16/1999 10:50:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

MSFT UPDATE: MITA could not have called it any better but I unfortunately left the dance one day early. The backtest and recap: Monday Dec. 13th after the bell I picked up MSFT on the radar screen: MITA 1,937: ...<MSFT acted very strong closing at MSFT 96 5/8 +2 3/4. This is the highest close for MSFT since way back in September 20 at 97 9/16 which was by the way one day false read. Really, it is Monday, July 19th and Friday July 16th where it closed at higher back to back levels at MSFT 98 3/8 and 99 7/16 respectively>... -------------------------------------------------------------- Tuesday Dec 14th 1.50 est. the break-out is identified: MITA 1,979: ...<heinz, MSFT is breaking out. Now at MSFT 100. A positive for the market. ROCK ON. Need these MSFT 105's Dec calls to be worth something>... ---------------------------------------------------------------- Magnatizer identifies rumors: MITA 1,982: MSFT ...<13:58 ET Microsoft (MSFT) 100 1/2 +3 7/8: Stock spikes in the last hour as rumors swirl on trading desks that MSFT has reached a settlement with the Justice Dept. MSFT just hit a new 52-week high of 101>... -------------------------------------------------------------- Response to Peter on significance of MSFT move: MITA 1,985: ...<Peter, Absolutely. MSFT has been basing for what 6 to 8 months? A close above MSFT 100 today and we will easily hit MSFT 105 intraday by the end of this week imho. This is not wishful thinking on my part, either>... ---------------------------------------------------------------- Response to heinz on opportunity: MITA 1,987: ...<MSFT in technical break-out. Do not fight it. Ride the train now for quickie. Utilize throw away money and stick $1,000 into Dec MSFT 105 calls right now. Worst case, you lose 1K. Best case you make 10 to 30 K on serious upside right here. 1 in 10 chance it will be at 115 by end of week, imho>... ----------------------------------------------------------------- Rumor or not, parameters established for the confirmation of break-out MITA 1,990: ...<Rumor or not, MSFT is in play. And the technicals have been set up nicely for 6 to 8 months for this huge break-out. Yesterday was the start of it with one close at 96 5/8. Today close above $97 locks in the break-out rumor or not>... ---------------------------------------------------------------- Opportunity still there at 10.11 a.m. Weds: MITA 2,006: ...<MSFT UPDATE: The break-out continues and now with CSCO lowering estimates more money flows MSFT way. Now at MSFT 101 1/4. Target 105 for starters>... ------------------------------------------------------------ Break-out in full force as 105 already achieved Weds afternoon at 1.12 est. MITA 2,026: ...<MSFT 105 intraday target achieved at $105 1/4. This MSFT has much upside room left. Upgraded to $115 intraday potentially by the end of the week>... ----------------------------------------------------------------- New support established at 105 1/4: MITA 2,034: ...<MSFT UPDATE: MSFT 105 1/4 is new intraday support for this new launch. Intraday high is now MSFT 107 3/8. We should mount another assault at this level this afternoon. If bonds settle down and cooperate MSFT $110 intraday can be had today>... ------------------------------------------------------------------- Sold Position on bond fears and BKX breakdown, but against own established target of 115: MITA 2,038: ..<Sold 1/3 of MSFT 105 Dec Calls which will cover entire trade plus profit. I have open sell limit order GTC for the remaining 2/3 position. EDIT: Entire position sold for 15 Bagger>... --------------------------------------------------------------- We closed at MSFT 108 7/16 on Wednesday. Tried to get back in today but got locked out for one hour than too busy in meetings. $115 target achieved before weeks end. We closed at MSFT 113 5/8 on Thursday after hitting our intraday established target of 115 by the end of the week. LETS GO FIND ANOTHER BAGGER. Best Regards, J.T.