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

To: Bald Man from Mars who wrote (6652)	5/7/1998 4:19:00 PM
From: larry	Read Replies (1) \| Respond to of 74651

BMFM, I guess that the US government feels too comfortable and I'd like to see that it gets screwed. Also the US economy. I am still making $$ on MSFT without buying puts. I sold May 100 covered calls the day before they released earnings and bought them back later and wrote May 95 covered calls. This morning I bought the calls back and sold June 85 covered calls. In 3 trading, I have made about 10 points which can offset some of the damage the downturn has done to me. I don't expect MSFT to be traded at only 85 next month. I will immediately buy back my calls whenever a rally occurs. It also looks like that I can load many MSFT at 80 soon. However, I don't see MSFT dip lower than that. Otherwise, I will sell my grandma to load up Softie. Let's cheer for getting rid of weak hands. The next rally should be lasting and awesome!:) BTW, I'd rather own 4 little MSFT simply because it has more upside potential than the single giant. At least to my portfolio. good trading, larry!