[CrackMonkey] Microsoft

[Deirdre Saoirse]

On Tue, 25 Apr 2000, Miles Nordin wrote:

> shovel, shovel.  Give 'em a few more years to dig that hole deeper before
> we kick them into it, that's what I say.

Given the money MSFT has made from selling puts on their own stock, I
don't think it's going to take a few years. They have 163 million shares
that they sold above the strike price (i.e. the options are
now in-the-money).

Interestingly, when I signed the various paperwork for $FIRM today, I
noted that I am barred by contract from trading in $FIRM's options, a
constraint which I find eminently sensible. Options aren't a bad thing,
but most of the people caught on insider trading have been caught because
of options trading.

-- 
_Deirdre   *   http://www.linuxcabal.org   *   http://www.deirdre.net
"Dictators ride to and fro upon tigers which they dare not dismount.
 And the tigers are getting hungry." -- Winston Churchill