Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (18469)	5/24/1998 1:21:00 PM
From: Judy	Read Replies (2) \| Respond to of 50167

sonki, stocks like DELL and MSFT will be trading range bound and will float with the market until they screw up on their execution. In March MSFT has sold 65p out to the end of this year per an Options Focus Article, Bill Gates is an admirable strategist. WIN 98 is not a particularly important product that would cause a quantum change in their revenue base or product cycle. MSFT had run up 50 points already in anticipation of the rollout, Gates took advantage of the inevitable retrace down and market slow down to take the DOJ on. MSFT had based at 65 for months which will provide robust technical support, should the battle with DOJ turn ugly or the market enters a protracted correction. WIN NT is not effected at all. I posted sometime ago on the P&F thread that a good hedge for MSFT investors holding shares would be a short straddle about strike 85, at that time. Same for DELL, I was aware that DELL had sold Nov 55p. Now, the question is ... did MSFT and DELL just short puts, or did they sell covered puts? Does anyone know whether a company can short its own stock?