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

To: Jeffrey Boggis who wrote (14425)	1/17/1999 7:48:00 AM
From: t2	Read Replies (1) \| Respond to of 74651

Jeffry, I am now more interested in selling all my call holdings. If the stock does not move up in the morning on Tuesday, February 140s upto Feb 150s would be interesting. Of course I would unload them by the end of the day (between 3:30 and 3:45). I am just not sure how the stock will react on Wednesday, after earnings. Even with great earnings, there is no guarantee it will move up simply because the management can spook a lot of investors by sounding very cautious about the future(they do this every quarter). Strangely, a stock split announcement(which I am guessing won't happen at earnings) will cause an incredible rally in the stock. Given the risk involved, I don't think I am going to hold on to the options beyond Tuesday (might keep a bit). I am just going to buy a lot of shares. Even though the stock could shoot up Wednesday, I am just not willing to take the same kind of risk as I would leading up to earnings(run up). JMHO

To: Jeffrey Boggis who wrote (14425)	1/17/1999 10:16:00 AM
From: PMS Witch	Read Replies (4) \| Respond to of 74651

Call strategy: Tuesday between 10:00 and 10:30, initiate a 'bull spread' by buying at-the-money February call and selling equivalent call with a strike price $5 greater. Tuesday between 3:30 and 4:00, close this position and buy February puts with a strike price $5 below current stock price with your profit. Be prepared to close this position Wednesday or Thursday with a reasonable profit. $5. DON'T GET GREEDY! Hope this helps, PW. P.S. This should work with DELL earnings announcement next month too.