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

To: J. P. who wrote (14315)	1/14/1999 8:13:00 PM
From: t2	Respond to of 74651

JP, I am getting bullish on the markets considering we already had a significant correction (well I was already very bullish!!). The talk now seems to be that Brazil can't really hurt US economy and even if it does--it will just be a needed slowdown.----AND Fed can lower rates if necessary. The negative is already in the markets now. I don't really plan to hold on to the February call options past Tuesday. I am just hoping for a big pop in the stock these last 3 trading days and will unload the options and pick up shares just before earnings release. However, I will hold on to the calls past earnings if the stock does not make a significant move up by then. I am still holding out hope for my Jan 145s---will probably exercise them if the stocks goes up. (I think the Jan 150s are a write off--oh well--you win some you lose some). I hate it when earnings come out after options expiry. Won't do it again. I should have stuck with February options. I am not looking to buy puts on anything yet. It seems we already had a significant correction and I will wait til we see a run up in the markets first. I am looking to COMPAQ puts sometime next week or the following week- if that stock has a run up to its earnings (which are almost 2 weeks away)