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

To: DownSouth who wrote (18511)	3/22/1999 3:19:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

For the long haul, stocks like ATHM and ABOV are sure bets. But most people's philosophy is trading, not investing, and these stocks are going to have days where they are up twenty and days when they are down twenty. If someone here bought ABOV based on something said here or anywhere else on these Boards, and then the thing tanks and their forced to sell (assume for a second they bought on margin), then I would consider that scenario to be dangerous. Remember, I trade options short term, and aim to buy shares for long term investing. I expect to hold my positions in ATHM, AOL, SFE, ABOV, DCLK, etc. for years. If one of these stocks does for me what MSFT has done over the past six years, then I could care less whether half of them crash and burn. And anyway, I just don't see that happening. Teflon

To: DownSouth who wrote (18511)	3/22/1999 3:25:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

This is good news for MSFT? rd.yahoo.com*http://www.news.com/News/Item/0,4,34083,00.html?tt.yfin..txt.ni Teflon

To: DownSouth who wrote (18511)	3/22/1999 3:48:00 PM
From: johnd	Read Replies (3) \| Respond to of 74651

Even though I am mostly long term holder, reading and participating in the thread at times makes me focus on shorter term option. So I went on a basket of options. In my accounts I bought Some MSFT April 140s, Some MSFT July99 175 Some MSFT July99 160 Some MSFT Jan 00 105 Some MSFT Jan 00 150 I know I have to close most of these positions in the next month or so. I also know that MSFT will have about 2.60+ in trailing EPS from this Q till June end. The hard part is to predict how high will the PE be. If 76, then about 100 post split is possibly. Another hard part is when will it get there. I am looking for disposing off positions if it gets to 95 - 100 range (post split) during week of March 29th. The big concern here is potential further run up into earnings and also the one after a blow out earnings, similar to last quarter. The market already knows that Q4 is going to be BIG, really BIG.