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

To: Ibexx who wrote (8626)	6/24/1998 2:05:00 PM
From: Flair	Respond to of 74651

Ibexx, - OFF TOPIC - Thanks for your enlightening education on LEAPs and value stocks last year. My MSFT 99 calls are doing good, and I think it's judicious to roll into 2001's, since there is a huge pipeline of new products coming (Windows NT 5.0, Office 2000, Windows CE 3.0, IE 5.0 on all UNIX platforms, Microsoft's new portal center, and SONY/MSFT's TV set-top.)

To: Ibexx who wrote (8626)	6/24/1998 6:23:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 74651

PS: I rolled all my MSFT 99 calls (all in the money now; bought far out of money however) were rolled into 2001s. I remember you had quite a bit of the former--great deal, weren't they? I bought a couple (I'm a small player) of LMFAR (Jan00 90 Calls) at 17 about a month ago. My plan is to hold these until about six months before expiration and then either cash them out or roll them out. Does this seem sound to you? When you roll out to the next expiration how do you calculate where to set your new strike? Do you stay in the money or go out of the money? Do you buy the same number of calls or increase the number of calls? Do you write short-term spreads against your LEAPS to reduce your cost? I'm still trying to learn this. I've got McMillian's (sp?) book but haven't had time to read through much of it yet. Thanks in advance.