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

To: johnd who wrote (40555)4/3/2000 8:37:00 AM
From: johnd  Read Replies (1) | Respond to of 74651
 
Fair price 1.77 * 62 => 110; 62 PE is increadibly cheap considering what you have to pay for CSCO, SUNW, AOL, ORCL etc.. The PE discount will erode and opportunity won't last for long in my opinion.



To: johnd who wrote (40555)4/3/2000 10:37:00 AM
From: RocketMan  Read Replies (1) | Respond to of 74651
 
I was going to close out my July 85 calls, but the selling this morning was/is overdone, IMHO. It may take a few days or even weeks, but I agree with you, the market has a short memory, earnings should be good, and once the tech selling is done the money will flow back into the established leaders. So instead of closing them out, I bought some more July 85s.


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