Trade Alert – Softee says good bye, we say hello
I’m out running some errands this morning and literally spit my coffee up on my lap when I heard the news that Steve Ballmer, the CEO of Microsoft, was leaving his post. I once told Richard Edelman from Edelman Worldwide on my TV show and at his house over beers that I would buy Microsoft the day Steve Ballmer announced he was leaving. Richard is a good friend of mine. His firm and he in particular does the public relations for Microsoft, Walmart a bunch of other companies like that.
I am indeed thrilled that they are getting rid of their CEO who’s done nothing but skate to where the puck is rather than where its headed. I’m going to buy some Microsoft call options dated out into December and later with strike prices from $37 to $40. Using out of the money options gives me upside leverage with little capital because the premium on those options is quite low. Clearly though, I could lose the entire capital put into this thing.
You say “Yes”, I say “No”.
You say “Stop” and I say “Go, go, go”.
Oh no.
You say “Goodbye” and I say “Hello, hello, hello”.
