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Technology Stocks : How high will Microsoft fly?
MSFT 472.22-1.3%3:59 PM EST
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To: t2 who wrote (13945)1/9/1999 2:32:00 PM
From: johnd  Read Replies (4) of 74651
 
Tech2000:

You been making some great short term prediction.
This is my weak point, I can't predict short term prices.
My philosophy is just give me the money.

After taking 250% gain in 1998, on Monday last week I
cashed out to become 100% cash. Then I took a position
on microsoft that I expect to give me $17k when
options expire by Friday. It is a complicated options
butterfly position. But it is worth the complexity as
17k is a lot of money for me to profit in 10 days.

I also have some Feb butterflies that ideally will return
33k. But these are extremly high risk and high return. So
I am watching my exposures carefully.

PMS witch made a very good point about holding great
stocks for long periods. This is really the way to go
she correctly pointed tax issues (when you hold, no tax).
That is Warren Buffet style as well. But I cashed out in
Jan becasue I had a lot of tax loss carryforwards from
previous years.

I find the short term trades extremly stressful and it is
not for me. I know I couldn't have done as well in 1998 as
I did had I been short term focused. I plan to take a
2-3 year type of position once MSFT gets back to the levels
where I think it needs to be i.e. 120 - 130. When that happens
I expect this thread to be quieter than right now. May be
Toysoldier will be back.

In the mean time looking for 17k by Jan15th, about 20k out of
33k by Feb 18th.

Just give me the money
JohnD the spiritually capitalist
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