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

To: t2 who wrote (20769)	4/20/1999 12:26:00 AM
From: Brian Malloy	Read Replies (1) \| Respond to of 74651

May options are quite predictable. Do you mean that you feel a great deal of Uncertainty ref your prognostications for the market/MSFT and therefore consider the May options unpredictable? It is a subtle difference but one that must be understood if you plan to the play the options game in up and down markets. Message 8987699 IMHO

To: t2 who wrote (20769)	4/20/1999 1:20:00 AM
From: Jill	Respond to of 74651

Forgot about margin calls. In addition to big drops in the big cap techs, the net stocks got hammered. Can people buy internet stocks on margin? Are there any restrictions? Is normal margin requirements in the USA @ 50% Tech--a lot of the big "department store" style brokerages such as Schwab and Fidelity, which can be used online and may attract many excitable, and perhaps heedless, "love this bullmarket" investors, upped their margin requirements, and that would seem to provide some buffer, though maybe not enough. Margin on most internuts was up to 80% (normal margin here is 30%, maybe 40% in some cases). Not sure however what deep discount online brokerages that attract daytraders were doing...and even so I've seen so many posts over the last few months on threads like CMGI or AOL that people were buying up on margin--those people may be forced to sell tomorrow