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


To: Jean M. Gauthier who wrote (14964)1/22/1999 7:11:00 PM
From: t2  Respond to of 74651
 
Jean, I did buy some options on Dell, Intel, and CSCO-- along with
shares of intel and Csco today.

I don't hold much in options anymore. Just doing the options game as
some fun. I used to have an entire portfolio in options a while ago.
It paid off big time but it was very stressfull----it is easy lose
much just as it is easy to make it. You never know how it is going
to turn out especially with short expiries.

I bought the CSCO ---CYQ April 95s, and Dell --DLQ Feb 75s. I
cancelled my big Dell option order. Actually I don't even remember
whether it was the Feb or April CYQs---another sign that I am not
willing to risk it at this point (can't even remember what i bought).

There seems to be a lot of downside risk in this market over the
next couple of months. I might actually start buying calls on good
stocks and buying puts on the index. Market direction seems very
unpredictable, unlike December and early January (due to the
earnings which were being anticipated at that time)