How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 510.37

+1.4%

Nov 14 9:30 AM EST

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To: taxman who wrote (24903)	6/25/1999 8:38:00 AM
From: John F. Dowd	Read Replies (5) of 74651

taxman: You must therefore think that the market is going to move upward rather rapidly. The fact that the price is so "low: is that the volatility portion of same has diminished and therefore the market feels that there will not be any explosive upward movement in the stock. If the market is right then selling out of the money calls nets one a premium as they expire worthless. By your response you seem to endorse the concept that it is not worth the risk as the MSFT will rise rapidly and result in your calls working against you. I hope you are right but this market seems to be focused on the Fed and is much like a deer frozen in the headlights of AG's speeding car. JFD P.S. If you are a taxman let me lean on your expertise. Does one have to pay capital gains currently to avoid tax penalties. Or since one doesn't know until the end of the year what the final outcome of their capital gains acct. will be can they pay those taxes if and when there are any to be paid at that time? I have a lot of very long term gains and am interested to know if there is a tax timing thing to consider when cashing out.

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