How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: Kevin Hay who wrote (33046)	11/8/1999 10:28:00 AM
From: Valley Girl	Read Replies (1) of 74651

Kevin: Thanks for the encouraging words. Looks like you were right about the price forecast, at least for now. Anyway, I see the strength I was hoping for in the high 80s and I'm using the opportunity to lighten up. Despite selling I of course still hope it's upwards from here but I have to protect at least some of my ill-gotten gains! I still suspect we'll see the 70s again before it's all over with unless MSFT settles; if they settle the stock will rebound like a super-ball. Interesting short-term play, isn't it? Re. taxes, you're forgetting about the fact that I live in the Golden State, and in my bracket I pay 9.3% of my income for the privilege. So my tax situation is that for long-term gains the government walks off with almost 1/3, while for short-term gains it's closer to 1/2. And we won't even talk about the alternative minimum tax, into whose smothering embrace the "other Bill" drove me 7 years ago. Cheers! VG

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