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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (2233)	5/26/1999 11:16:00 AM
From: Teflon	Respond to of 54805

Uncle Frank, My point with the earlier post was merely to demonstrate to the Board that SFE is indeed a much better value than CMGI. I was not bragging by any means. This market has eaten my lunch the past month (my long term strategy forbids me from trading out of most of my stocks, and my portfolio value has therefor suffered). Regarding MSFT, its primed...I sold puts on it yesterday at the close. I have no problem getting more shares put to me at these levels. Merrill's reinstatement of coverage on MSFT was pathetic. Teflon

To: Uncle Frank who wrote (2233)	5/26/1999 11:23:00 AM
From: Teflon	Respond to of 54805

Uncle Frank, I also forgot to mention that MSFT is within 7 points of its 200-day moving average. The key will be whether the stock needs to retrace to this support or will bounce from here. Last June the stock was in a very similar situation and the stock bounced without touching the 200-day support line. I am hoping for the same here. The good news is that the rest of the tech market has corrected in line with MSFT. I am expected a certain portion of the internut $$ to start flowing into MSFT as a flight to quality investment. Tech investors like to keep their investments in techs. I, for one, could not muster the strength and suffer through the embarrassment of investing in the paper stocks!!!!! Teflon