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


To: John F. Dowd who wrote (42236)4/16/2000 1:40:00 PM
From: Harvey Allen  Read Replies (1) | Respond to of 74651
 
John- If they've been selling deep out of the monies then the $472,000,000 in premiums they recieved would represent more than the 100,000,000 million shares I estimate.

However you look at it anyone with $472,000,000 of Puts outstanding right now is not sitting pretty.

Netscape is still around only under new management. Someone named Case.

Harvey



To: John F. Dowd who wrote (42236)4/16/2000 1:41:00 PM
From: John F. Dowd  Respond to of 74651
 
To All: I think this volatility is due to AG taking the monetary aggregates down too fast from the overfuelling of same due to unfounded Y2K fears(See my past post on this item). Now he is sucking funds out of the system and financial instrument inventories are being sold off. Simply put the dealers don't have the cash to hold onto as much stock. Then with the continued increase in rates the cost of dealing in securities gets more expensive and again the spreads increase at the same time. This guy is killing the golden goose. I hope Gore and Clinton are making his weekend miserable. JFD