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

To: Chris Burklund who wrote (4960)	2/4/1998 9:59:00 AM
From: Liatris Spicata	Read Replies (1) \| Respond to of 74651

Chris- I too have been long on MSFT for several years. Unfortunately, I sold off 40% of my position last year just over $100- so I've got a bad track record predicting this stock. I'm remaining long, but I just made my maiden foray into options by purchasing the Jan 99 130 puts at $6.00 (VMFMF.o). While Microsoft is a great company, I just don't like stocks selling over 50X earnings, over 11 times sales and 18 times book. Well the street is littered with the corpses of those who sold Gates & Co. short (or bought puts), but I figure I'll make money on MSFT if it goes up or down- so watch it do one of those sidewise numbers! Call me schizo, but me and George Soros do hedges! Larry