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

To: J. P. who wrote (13842)	1/5/1999 6:36:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

JP, I am getting a little nervous about my remaining Jan calls.(i did lighten up today) There is much short term unpredictability with only 1 1/2 weeks to expiry. I am just waiting to find out earnings release date - so far no date posted at their web site. I am going to sit tight on the Feb 150s -- last 2 days before earnings should be the biggest moves in the stock unless some analyst makes good comments before that. I am still guessing more analysts will make statement in the next 2 weeks. If we see a sharp rise to about 150 in the next 2 days-- i will probably sell my Januaries and buy shares or add to Feb150s

To: J. P. who wrote (13842)	1/5/1999 7:07:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

J.P., I have decisions to make on my January calls. Earnings will be released 2 trading days after the expiration of the options. I was hoping for only 1 day. I might have to roll up my options to February very soon. Like I said the last 2 trading days are going to be incredible --- should be a big short squeeze. Less people will take a chance on the stock by going short on these days (usually the last trading day is the best to short - when the stock had a good run up). The stock split possibility (or probability) is enough to put the shorts on the sidelines. In addition, the expected great earnings will also scare away a lot of shorts. I think this stock will behave like the Hong Kong market days after shorting was banned on that market (huge gains). This is why i am expecting huge gains on Jan 18 and Jan19-- and therefore moving to Feb calls soon. BTW, I am not recommending options trading to anyone as it is very risky.