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Keeping Up With Microsoft

The trader prepares for what could be big news.

The day never ends anymore. We are trying to take


(MSFT) - Get Microsoft Corporation Report

at 99 1/2 and bid it. Oops, taken ahead. The excitement is that the Windows source code has become fair game to settle. They are taking it ahead, and now it is at par-and-a-half. Too rich for me, as I have the par calls.

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Now they've hit me. I buy 5,000. Now it is 99 3/4 bid. I think the news is positive, that it shows movement in the talks. But without more than one line on this story, I can't do more...and I have to get home!

Leaving it in the capable hands of Berko.

This could be big news, I am thinking. Big, big news. And could make the Nasdaq breakout even more evident tomorrow when trading resumes.

James J. Cramer is manager of a hedge fund and co-founder of At time of publication, his fund was long Microsoft. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at