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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%Nov 14 9:30 AM EST
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To: Uncle Frank who wrote (15132)1/25/1999 11:03:00 PM
From: t2  Read Replies (2) of 74651
 
Uncle Frank, At a casino (especially an offshore one), I would
quickly come to the conclusion that it was a bad gamble.
When I was in Vegas, I started with Blackjack in the bigger
casinos and when I lost some money, I realized the object of
the game was to prolong it, that is, get your entertainment
and not try to get rich. Then I found a casino where there
was a low minimum bet---had the most fun there (and came out
ahead).

I actually sold a lot of MSFT shares today (prices between
161 1/2 to 163 1/4). Decided to buy leaps 2000 as a way to
reduce the book value of my foreign holdings to within the
Canadian limit of 20% --just for month end purposes because
that is when they calculate penalties. I guess when I combine
my CASH, STOCK, and Options holdings-----the net effect is
having the equivalent of a 100% stock portfolio. I guess
that means I am doing well with my addiction (at least for
now). THere are no limits on margin accounts, only for
retirment accounts. I end up losing 1% of my book value
above 20% foreign limit -on a monthly basis.
I probably will buy a lot of shares on Wednesday as those
trades will settle in February.

Lets hope we get a nice ride to next earnigs.
Best Wishes.
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