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

To: nihil who wrote (15138)	1/26/1999 9:42:00 AM
From: J. P.	Respond to of 74651

Nihil, Keep in mind that I sold all my Microsoft calls at about 166, which is still higher than the closing price yesterday after the split announcement. I had the Feb 150's which are still below the price which I sold them at. The jury is still out on this market, we have some buy programs coming in late bringing up the averages on the close, but market breadth has been thin. There's still some pops out there with an IBM split, and AOL, CPQ, Dell earnings. The momentum is still up now, but I've been through too many Nasdaq corrections to get caught again trying to get the last few percent out of the upside. Before you break your arm patting yourself on the back, will you take profits in your tech portfolio?