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


To: ed who wrote (36620)1/15/2000 10:32:00 PM
From: johnd  Read Replies (1) | Respond to of 74651
 
I am mostly long term on msft. But have a bit of Jan calls.
That is why I am a bit short term focused now. I am aiming
for it to close at 115 - 118 on Tuesday pre-earnings and
then jump sharply on Wed., Thu and Friday to 125 - 130
range. I have some jan 95 & and about 20 contract of Jan
110 calls. Not a lot. I am planning to hold till expiration



To: ed who wrote (36620)1/16/2000 5:53:00 AM
From: werefrog  Read Replies (2) | Respond to of 74651
 
"What if the stock drops to $45 right away ?

Do you mean the $50 stock? One should be tracking it using level 11 data and aware of it's tick movement. If it downticks four times,and is a slow mover, if one were playing 1000 shares, hit the SELL button, taking 1/4 point loss is a general rule many traders go by.
Playing a fast mover, YHOO, 100 shares is all it takes to give you a rush, which can run down 50 to 60 points in 5 minutes many traders allow a 5 point loss before bailing out