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

To: t2 who wrote (23083)	5/21/1999 4:14:00 PM
From: Teflon	Read Replies (1) \| Respond to of 74651

t2k, you talked me out of it today, but I will sell the puts early next week. Again, I do not fundamentally believe that the trial is what is effecting MSFT's price so for me, the timing of the trial is irrelevant. The issues effecting the broader market are effecting MSFT, as well as the options expiration today. I am starting to believe that there was heavy writing of calls this month and that the Street was not going to let this market run before this expiration. I am looking for MSFT to move in the very near term, and I may sell puts that are in the money. Thus, the earlier I sell them, the more premium I can bring in. I am that confident. Just my opinion. Teflon

To: t2 who wrote (23083)	5/23/1999 11:43:00 PM
From: ed	Read Replies (2) \| Respond to of 74651

T2k, Forget about the trial, the news. When the stock starts to run , good news will be released to justify the run up. Small investors invest on news, big investors make up the run up and control the market.. Every year this time after the split , and April earning release, MSFT headed toward the dead water for one month. I do not think that is a coinsistence, but a set up. My bet is Microsoft started the stock buy back program every year this time, and employee stock option program , and the big investors wrote lots of calls duriing this period of time , so those who controled the market wrote these calls, will they let their stocks called away ? NO !!!, so the stock got still between $76 to $82 for one month till the option expired , and the big players get your call premiums. Do you think Microsoft will continue trading in this range for long ? I do not think so. Looking at Microsoft , the new products, the new strategy in e-commerce, ....etc, the trial is no event now, and we may heading toard a settlement in the summer, I do not think Microsoft will go down any further. The going down from $95 to $76 is set artifically by those big players, and nothing to do with Microsoft as a stock. So, the only direction it will go is up, especially right after this option expiration. My bet , the next max pain point will be between $100 to $110. After the earning report of July, Microsoft may shoot up to $130 to $140 and settle down at $125 to $130. The 2002 Leap will be available in June.