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


To: KM who wrote (14275)1/13/1999 9:12:00 PM
From: up3up4  Read Replies (1) | Respond to of 74651
 
I agree. My guess is MSFT will stay around 145 until expiration. I still have Feb 140 calls, still ahead. The preimum is getting higher. I think the earning should be good.

What do you think about the market in general? Today's action actually is very bullish (came back from -115). Any comments?



To: KM who wrote (14275)1/13/1999 9:48:00 PM
From: t2  Respond to of 74651
 
This is all about the 140, 145 and 150 calls and hosing as many sellers of them as possible. Doubt they can get the 140s or even the 145's - the 150s are dicey. I bet the real price action will be next week.

I am a little confused by words. I am not too familiar with options price action a few days to expiry. Are you saying that there are sellers of the stock that are trying to keep price down so that their shares don't get called. OR are you saying that the sellers of stock want to pick up call options at lower and lower prices (forcing call writing at lower prices), that is, let the shares rise Friday. I noticed that MSFT dropped off sharply at the end of the day.

I am interested in comments from anyone.