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Hi Wong,
Here is some info that might help you with your LEAPS on MSFT.
Watch Price at these levels 89 15/16, 80 3/8***( this area came up twice), 60.
Look for a CIT on 4/18-4/21. Its suppose to be the 4/19, but give it a +/- a day
or two.
For the Nasdaq Comp. I have a support of 3438-3432 and a CIT for ~ 4/14-4/17,
4/19, 4/24
TradeWell,
Joe Frabosilio
wong wrote:
> 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
> ====================================================
> << 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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