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

To: allen menglin chen who wrote (35847)	12/29/1999 5:28:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 74651

>> Craig, I know how to play MSFT and DELL already from your teaching << Teaching? Come on now, I just call 'em as I see 'em, young Grasshopper. Every tech investor looks brilliant in this kind of market. I haven't done anything all that special. Nonetheless, thank you for the kind words! >> And you have loaded up enough VERT -- I think. << With the kind of gains VERT and other b2b plays have been having, it's never enough. <g> >> So please tell me how to add VERT on weakness next time, or if you feel VERT has hit short-term bottoms, like your calls @ 40s, 50s, 80s (3 times?!). Now you don't call those # anymore << Just 8 days and 55 points ago I said "Of course I think VERT is going higher..." Message 12330496 I thought that was clear enough? I haven't sold those shares I bought at 82 3/4 yet. Just today I said it was easily going to blast thru 200. My profile suggests adding VERT on pullbacks. Those statements seem pretty clear to me. If you are wondering why I'm not flapping my gums about VERT as much lately it's only because my top play right now is MSFT calls. I don't believe in over-diversifying into doznes of stocks. Just a few positions at a time. I have only made 3 big calls in the last 3 months, and they account for almost all of my gains. Out of the money calls on AOL in Oct/Nov, OTM calls on VERT in Oct/Nov, and MSFT OTM calls for Dec/Jan. My next big plays will be CPQ/DELL for Jan/Feb. then, if everything goes as planned I will take a break, so as to not get over-confident or complacent. VERT isn't done by any means. I will say this however. I do think VERT and other b2b high flyers could see some weakness come Jan when people won't mind selling for tax purposes. I might write some covered calls for a couple days to protect against any downside volatility. but that is just short-term gyrations. Longer term the stock is going to climb much higher so who cares what you pay for it right now? The point is to be in the stocks most all of the time. Trying to time too much will only have you missing the train.