John, I am long on MSFT, very long! gg I also run two other
portfoglio's, short and medium term. Short trades on 2 points between buy and sell for one to 5 trading session.
Then the stock passes to Medium portfoglio, that tardes 10 to 15% margin. I trade in Switzerland where we are not
sunject to capital gain tax, or income tax on tarding
non_Swiss equities. I don't trade Swiss equities!gg
Our brokerage cost is 10 cents to buy and 10 c Cents to sell, per share! plus 20 cents between Cantonal taxes and
carrying charges. So on two dollars margin, you take home
1.70 net.
I have a buy order on my short portfolgio at 95 ot better, and sell with 5 dollar margin. That means if the stock opens
at 91 I buy at 91, if it opens at 94.5 than I buy it at that
price. 95 remains the ceiling! My buy order is combined with
a sell order with 5 dollar margin. Therefore, I will in and
out this stock with 5 dollars. I can do this here, I am sure
you can do it at the States, because we work with the US borkers in Switzerland!
If you have any question, let me know.
Kind regards,
Yaacov
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