How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 480.86

-1.9%

3:48 PM EST

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To: taxman who wrote (34439)	11/20/1999 10:53:00 AM
From: jmac	Read Replies (1) of 74651

The rules that are employed at most brokerage firms require that if you want to exercise and it is a close call (i.e., 1/8-3/8), then you have to give notice 15 minutes before the close. If it is in th money by more than the above amount, the exercise is done automatically by most firms. Different firms then handle the the exercise differently on the following Mon. Fir example, Fidelity, assumes you want to sell the newly acquired stock at the open on Monday. If you want to keep it, then you have to tell them. First Texas assumes that you want to keep the stock and you have to place a sell order. If you exercised after the close, good for you.

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