How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 493.80

-2.7%

Nov 18 3:59 PM EST

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To: codawg who wrote (30484)	10/7/1999 3:09:00 PM
From: djia101362	Read Replies (2) of 74651

isn't it funny how daytraders think they are the only people making money in the market? i have noticed over the years that daytraders like to boast about their 1 - 2 point gains they make, but they do not realize that many long term investors are sitting on 100+ point gains in some of our stocks. assuming a daytrader made $200K this year daytrading, after taxes that would leave you with about $120K give or take a few thousand. if a long term investor's portfolio increased by the same of amount of $200K, he/she would still have $200K. do the math yourself, after a couple of years it begins to look like the tortoise and the hare story. for a long term investor who is sitting on substatial long term capital gains, it's not worth saving a couple of thousand dollars here and there trying to time market swings when uncle sam is just licking his chops and waiting to collect a $100K in taxes.

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