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

To: taxman who wrote (20219)	4/10/1999 4:47:00 PM
From: t2	Read Replies (1) \| Respond to of 74651

taxman, What do you think of leaps 2001 at this point. I have not really looked into it seriously yet. That post about 85% of options expiring worthless. I guess if one gets used to the market going up and buying options on dips, they can't go wrong. That is since most retail investors have not gone through a crash or an extended sideways trading pattern. We have not been getting a lot of sideways trading for a long period of time. A lot of people have made and are making moneny buying on the dips or corrections. If you bought January MSFT calls in October (ex Jan 120s--pre-split---@ 2 1/4), you made a lot of money going into expiration--stock price was 149 and change. As long this the pattern of corrections without crashes continues, the retail traders are going to continue making money while the institutions (or MMs)keep giving up some gains for buying protection. Until we see a 1987, the confidence among call buyers in great stocks like MSFT is going to continue. They are going to keep making a lot of cash. I just hope options traders just don't put everything at risk. Should have stocks or bonds or t-bills in their portfolios. I am about 50% in Canadian bond funds and money market(cash).