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

To: PMS Witch who wrote (28841)	8/29/1999 12:12:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 74651

PMSW, Thanks for the well thought out, detailed response. Maybe I jumped in as an Intel zealot a little too quickly. No doubt Dell has been superb over the last 10 years or so, none better. And, when you get locked in, as you say, because of taxes, can't argue with your plan going forward. Tony

To: PMS Witch who wrote (28841)	8/29/1999 5:54:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

OT PMS Witch, You mentioned tax reasons for not trading. I forget that part of the trading puzzle and it is a significant part. Strangely, i have never made an investment decision based upon tax reasons. I have never even considered it. I got used to trading in the tax sheltered RRSPs. That is where i made my money with mostly Microsoft call options. Unfortunately, I have developed a bad habit of not considering tax consequences even in a trading account (which is only about 1/10 of the RRSP account). It would not surprise me if Revenue Canada considers my trading "business income" rather than "capital gains" simply due to the number of transactions (i am treating them as capital). I am just thanking you for the reminder. I think I will try to structure my trading account to avoid a bigger tax bill in the new year. Might even be a good idea to sell covered calls just to avoid having to dump stocks when a bad market is anticipated. Good Luck with your investing.

To: PMS Witch who wrote (28841)	8/30/1999 8:36:00 AM
From: Jill	Read Replies (1) \| Respond to of 74651

Nice post, Pam. I'm learning my own similar strategy, and get annoyed sometimes when people on various threads (not this one) private message me to exhort me to, "Buy now," and give me what they think are excellent reasons with a certain patronizing air, for a stock they're interested in. I also don't trade MSFT at all, and I've been learning to scalp, not living expenses at this point, but some change, out of selling QCOM puts. I like doing that. I think short-term trading a strong company as you do is also a good idea, but I have never tried it myself. I never mind when I make my own mistakes, but I get annoyed when I make others' mistakes, and I do agree with you, the sense of satisfaction of building one's own portfolio one's own way is worth a lot. Jill