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

To: Uncle Frank who wrote (16865)	2/24/1999 2:16:00 PM
From: Mr.Manners	Read Replies (1) \| Respond to of 74651

Can you tell me when msft splits? thanks

To: Uncle Frank who wrote (16865)	2/24/1999 2:25:00 PM
From: johnd	Read Replies (3) \| Respond to of 74651

Uncle Frank, Having done options for 15 years, all I can tell you is when your original profit target is reached dump the baby and take the profit. MSQCJ is march expiry - anything can happen in the short run. The least I would do is roll it to April or even June, either pay more for same strike OR pay same but increase strike. MSFT CAN be at 190 by March. But what if we are wrong because of some factors that we don't control? and say it closes at 150 by March 19th? We should be prepared. I normally don't do short term but I have been reading this thread a bit too much I guess. johnd

To: Uncle Frank who wrote (16865)	2/24/1999 4:57:00 PM
From: Frank Ellis Morris	Read Replies (4) \| Respond to of 74651

Good Afternoon Frank, We have a real serious potential problem and it is not Microsoft but the Chairman of the Federal Reserve. He was indeed market friendly last year when interest rates were lowered three times. Yesterday and today once again gave investors something to really be concerned about. Mr Greenspan has this way of spooking the markets with his awesome power. What is most serious was his mentioning of possibly taking back one of the interest rate cuts of last year. This is a no no!! The bond rate is rising and the threat of Greenspan is definately troublesome. This could sink all boats. I think Allen wants the market to pull back and by making a threat of taking back one of those rate cuts is something that nobody can ignore. It is anybody's guess out this will play out but for the short term it can spell trouble. This is one reason why I personally have decided not to use margin or play options but this is just my individual preference. Best Wishes Frank

To: Uncle Frank who wrote (16865)	2/24/1999 7:00:00 PM
From: Bryan Woodruff	Read Replies (1) \| Respond to of 74651

Hi Frank. > Any advice from experienced options traders on the thread about > an exit point or roll-up strategy would be welcomed. I'm a novice. I've been trading stocks for a while but the option market is new to me. I am reading books on the subject and have been eyeing and calculating options in what-if scenarios. I finally bought in on msqci last week sold to close today for a 75% ROI. I then picked up a longer term option today. One thing that some authors have stressed is to set your exit point and don't let greed get in the way. I managed to get out today ahead of the game and I noticed after market close that we shed these gains due to the sell off late in the session. Greed could have kept me in. - Bryan