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

To: J. P. who wrote (14415)	1/16/1999 6:46:00 PM
From: t2	Respond to of 74651

JP, I don't think we have seen a top on the big technology stocks. Where are people going to put their money. Investors are becoming "HARDENED BULLS". Last October and last week's Brazil(and last year's Asia) is bringing home the message that if the US economy is doing good, why worry about these events, that is , look at them as buying opportunities. We will get smaller and shorter dips as a result. To me puts don't look that attractive--might gain during a short dip in the market. Beware of fast rebounds in the markets. Like I said the dips will get smaller and much faster. IMHO. I was a little cautious about the rest of the year but am going to be fully invested. I might take a 65stock- 35 bond approach (maybe mutual funds). I am just going to stay from big investments in call options. I might just buy them as lottery tickets from Tuesday onwards. I am going to unload a lot of February and April call options on Tuesday but I am going buy MSFT shares at the same time. Looking into spending a little bit (lottery type of play)on way out of the money FEB calls. For the last month or so, I was going heavily invested in call options