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

To: Jill who wrote (19326)	3/30/1999 7:12:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

Jill N., My take on MSFT leaps. I agree that maybe 2000 leaps could come down in price in the future. Y2K jitters won't help towards the end of the year. You might get the buy of the decade towards the end of the year if there is fear in the market. I would consider leaps 2001 as I think the Y2K related correction maybe be very short lived. Maybe you can get these later at better prices. It might create an phenomenal options buying opportunity near the end of the year---December. Then buying year 2000 January, Feb or April calls might be great opportunities. I think the Y2K, is only going to create jitters but the market is going to bounce back very rapidly to new all time highs early next year IMHO. One thing I am certain of is that earning are going to be blow outs in many upcoming quarters for MSFT---I am going to play the june and september and December quarters with just a little bit of cash--with way out of the money options with a month to earnings release. BTW--However, I am just not convinced MSFT can go lower. I think it is headed higher, much higher before correcting. WE could see it go to 130 in July or October unless of course we get a crash related to Y2K fears. We might get some bumps along the way.Jill, it is a very tough call this time around for me. Obviously, you can tell how uncertain I am!!!!! However, if we see a MSFT/DOJ settlement (now or by the summer), we may never see these prices again, Y2K or not. Plan to hold a ton of shares once I finish selling my options. Earnings prospects for the next 2 years are amazing!!! So maybe it is a good time to buy leaps! Good Luck