How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

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3:59 PM EST

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To: Jill who wrote (32355)	11/7/1999 11:18:00 AM
From: taxman	Read Replies (1) of 74651

"this case can...hobble the gorilla companies" well maybe it will and maybe it won't. we are here because we want to make money. in my case, so i don't have to go back to work and have some jerk of a boss control my well being. if the the writer is correct, and that is a decision you have to make, one will be able to make money with puts. all my investments are options. i buy puts as well as calls. i buy as far out as possible in time and as far out of the money in price as reasonably possible. i make between 1 and 3 option purchases each day. each purchase is for about one tenth of one percent of my trading net worth. generally i never sell the option until expiration when i either exercise or sell (assuming it's in the money). exercising in the money calls allows me to defer the tax. i can then hedge by purchasing puts of selling a covered call. since i started with relatively little capital, i have used borrowed funds to exercise my in the money calls. this increases risk, obviously, but purchases of puts gives me peace of mind to weather a sharp market decline. take care--invest wisely. regards

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