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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: larry who wrote (11462)7/13/1998 9:50:00 PM
From: put2rich  Read Replies (1) | Respond to of 18691
 
I made a big mistake of not investing in the monopoly msft and not longing it a month ago. Just heard a friend said a couple who gamble big on options/stock won big in msft calls and now 350K profit after some big loss in the past. The couple work in nail industry (you can guess) and poorly educated. Just give the money to their broker and he does whatever he likes. Well I need one big luck but not put a farm in it (miss buy tons of put when amzn hit 140+).
I just guess one day they might bankcrupt or super rich.



To: larry who wrote (11462)7/14/1998 10:33:00 AM
From: joe  Respond to of 18691
 


>>I think that MSFT has a fat chance of hitting 125 by the close of Thursday. I wasthinking of 120, but it seems that I am too bearish based on the price move.

However, there should be some mild profit taking after the earning release. And the court hearing begins in early September. Look for a pull back to 108-112 as reentry point.

Of course I seriously believe that DELL will hit at least 125 before they report. If they rally above 140, look for massive profit taking to pull the issue back to 110. The double digit day for DELL is over unless a stock split.<<

Appreciate your feedback.

But, I'm looking to get out in 1-3 weeks depending on
market sentiment and momentum. There might be some
immediate profit taking from MSFT after earnings, but if
earnings are a little better than expected, I think
the stock will rally more (am I nuts???). Plus, even
if they just meet expectations, the stock may have
some quick profit taking, but I would still think it
would rally more till the end of month or sooner,
again, depending on sentiment and momentum (liquidity).

>>Look for a pull back to 108-112 as reentry point. <<

I could be wrong, but I think the time to think about this
is next month. This month is called 'run to the
bus and get on it before you miss your ride'. (Am I
nuts???)

joe