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Hi All:
If MSFT drops to around $75-76 area, I will be buying WMF AH (MSFT JAN2002
140 call) again.
First time I bought on Apr 5 at $ 9 7/8, when the stock was at $88 1/2.
By my options valuation software, if MSFT drops to $75 area, the leaps may
be around %5 3/4 to $6 area. (The leaps closed at $7 1/8 today.)
This is the way I trade. I'm not suggesting anyone should follow what I
do. In fact, at least one member
e-mailed me and said he would never average down.
Regards,
Wong
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<< on Apr 8, I posted this message >>
In fact I'm beginning to buy the MSFT Jan2002 leaps.
I first bought them when the stock was at 88 1/2 on Apr 5.
I take a look at a long term chart of MSFT, draw some trendlines (note: I'm
a very poor chart-reader, and my drawing of trendlines is probably not very
good, but...). In my simple mind, I note that there may be levels of
support as MSFT (may) continue to go lower: at 75, 68, and finally 60.
These are very arbitrary figures which (however) to me seem to be quite
reasonable.
Within 3 months or so, the Jan2003 leaps will be coming out. I might even
average down on the Jan2003 leaps eventually.
MSFT is still one of the world's greatest companies. I don't see its
demise any time soon. And since its recent high was around $120, the
probability of it's going much ower than $60 should not be that great...
Regards,
Wong
=================================================
At 12:04 PM 04/08/2000 -0400, Daniel Goncharoff wrote:
>This brings up a question that has been bothering me: why would the Microsoft
>ruling be negative for the Naz. Many more companies would benefit from a
>break-up then would suffer.
>
>Did anyone on this list think, oooooh, I should sell because of the
ruling, or
>know anyone else who thought that way?
>
>Right now, that 'explanation' smells like media bs...
>
>Regards
>DanG
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