How high will Microsoft fly? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly?

MSFT 472.22

-1.3%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Uncle Frank who wrote (27597)	7/30/1999 10:55:00 PM
From: t2	Read Replies (2) of 74651

Frank, If your long term portfolio is in a 401k plan, why not pull some money out and wait for better opportunities. This is what i do for the most part----i made money trading call options in retirement account and have no tax consequences within the plan. In these plans, i was about 90% in cash and money market before today (that 10% is mostly MSFT). Put some cash to work (i hope it works) in some bond funds---still left with 70 cash and money market. Unfortunately (or fortunately---i am not sure) i trade my margin account the same way but will have to face the tax consequences. This what i use for my shorting/daytrading. I am not playing with too much cash in this account so i have been able to take trading very lightly. Gone are the days when i would go very heavy into options. I have learned something that gamblers usually don't----"quit while you are ahead". This daytrading business is very safe in comparison to what i have experienced in the last 1 1/2 years. Believe it or not, even if i lose money daytrading it does not bother me because there is not that much at risk anyways since most of my portfolio is in the retirement accounts. Daytrading is perfect for someone like me who needs to play with the market but wants to stay out of options trading. BTW--I had originally started selling covered calls on MSFT that i had held after earnings but when it dipped down to 90, i decided to abandon it alltogether. I am more interested in the market direction right now. Y2K fear/paranoia among the public still scares me from going into the market. Take Care.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next