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

To: johnd who wrote (18057)	3/15/1999 1:20:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

Day trading options? I bought some March 160 calls this morning at 2 3/4 thinking that early morning dip in the stock was not "real". Putting in some trades to get my principal in that trade out and riding the gains on the March 160s. Lets hope no late afternoon selloff from IBM or Compaq preannouncement fears. Personally, I think (or guess) that Compaq probably started channel stuffing the Pentium III PCs in March meaning revenues for this quarter should pick up again. Lets hope. Good luck to MSFT longs.

To: johnd who wrote (18057)	3/15/1999 1:23:00 PM
From: Teflon	Respond to of 74651

MSFT's trading pattern is starting to remind me of last Fall. Remember when the big press conferences were being held about the suit being filed and MSFT stock was diving down to $80-90 a share? Everyone was talking about the end of the long term bullish trend in the stock. The stock tumble from its recent highs down ~ $20 and people were questioning how it would rebound. Well the more I see, the more confident I am that the last month of trading for MSFT is almost a mirror image of those days. It started with MSFT racing off to $175, a new all time high. But just as that occurred, renewed pessimism in the press about the gaffs in MSFT's video demonstrations were surfacing and all of a sudden everyone was counting the days to MSFT's inevitable loss in the trial. So here we are, after dropping 20% (MUCH LIKE WE DID LAST FALL), the stock appears to be building momentum back towards a new high. The similarities seem obvious all of a sudden. So just as MSFT blasted through the $100, $110 and $120 barriers after the bad news of the suit was put behind them, I am expecting the stock to start its march towards $200 and beyond (pre split, of course). Lets just hope a market correction doesn't put these plans on ice for a while!!!! Teflon