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

To: Bill Holtzman who wrote (15012)	1/23/1999 8:09:00 PM
From: t2	Respond to of 74651

My approach to trading in the past has only been call options on stocks I like----the only one I bombed last year was Tommy Hilfiger. The others were just MSFT, INTel, Walmart and DELL. I never really bothered with price targets. I also had a tendency not to take profits (even if the option went up 500%). One MSFT call, I waited til i had made 25 times my cost before bailing out. I find it hard to unload it once it hits a price target because I always feel there is room for more---In the case of MSFT, I feel very strong about this. If I had a choice to buy just one stock---without hesitation it would be MSFT. A 10% move up in a stock does not do too much for me---I just like the excitement of market timing call options. Until I blow it, I will probably continue it----but with less money. Maybe I might create a new account for this purpose and leave the balance in stock.