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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Holtzman who wrote (26485)	7/17/1999 6:14:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

Bill, I only want out on some of my positions---only where there are no tax consequences (retirement accounts). I hold leaps only in such accounts----i want to take advantage of selling high and buying back at lower prices. Most times i have gotten it right but have been wrong on occasion. As it is the only stock i really focus on, i am guessing that i can be right this time---105 or so would signal profit taking on leaps options. However, I hold lots of shares that i have no plans to sell. Basically i am interested only in reducing my position in MSFT to about 30 or 40%---which most would feel is still too high. I am planning to avoid taking risks in the market as the earnings period ending will leave a HUGE vacuum. That is when we could general market declines. (that is why i also plan to be in cash--25% to 35% at least). That basically leaves me with MSFT as my only significant holding. I feel the rush to the exits will happen very quickly--could be wrong of course. Of course the leaps call options will be great investments but i am just trying to time it. I have no doubt that MSFT will be at least 50% higher by this time next year. In margin accounts, i just buy and hold MSFT---too many tax consequences if i did not. Might play options the odd time.