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


To: jim shiau who wrote (5530)3/24/1998 7:26:00 PM
From: Brian Malloy  Read Replies (3) | Respond to of 74651
 
MSFT, Just keeps it rolling.

I wish they had not preannounced. I made a killing last April at options expiration. Brought April 100 calls for $1 on Thursday (MSFT closed at $99 that day). MSFT surprised the street with their earnings announced after the close Thursday and the following day on expiration Friday it closed at $109 with an intra-day high of $100 and some change. It was a fine profit. Things were ripe to make a killing again this April :(

If the past is any experience and based on what is happening in after hours trading there is a good chance that MSFT will not give up much of its gains if any this evening and I expect it to close tomorrow at
$92 +/- $2

MSFT for the long term and holding!