How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.1%

3:59 PM EST

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To: cheryl williamson who wrote (44369)	5/5/2000 4:23:00 PM
From: rudedog	of 74651

Cheryl - I bought most of my MSFT holding in 1988, so I guess that would be "long term", and yes, there are some gains there. My portfolio is pretty diversified now - I spent most of last year getting out of big positions in CPQ and DELL and into CSCO, NOK and a few others. But MSFT at about 10% of my portfolio seems about right. Your advice would have been great a few weeks ago when the stock was at 110 or whatever, but not at the moment. I will take an immediate 20% tax hit, which means I need to pick another vehicle which would have a bigger gain. And don't say SUNW, I already doubled my position there... So I think a better course is to sell covered calls and leave the underlying. That has worked well with my remaining CPQ and DELL holdings. I think MSFT is an easy double from here in the next 12 months, and probably before the end of 2000...

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