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

To: Valley Girl who wrote (33143)11/8/1999 11:27:00 AM
From: J. P.  Respond to of 74651
 
short covering? I don't think so, short shares were at an recent term low last time I checked.



To: Valley Girl who wrote (33143)11/8/1999 11:28:00 AM
From: art slott  Read Replies (2) | Respond to of 74651
 
Selling into any rallies is what I would do also. The tobacco companies had many a rally before they traded at these historically low prices.



To: Valley Girl who wrote (33143)11/8/1999 12:07:00 PM
From: taxman  Respond to of 74651
 
"a sale of more than token amounts is impractical tax-wise."

assuming your shares are owned outright (not on margin), it is my understanding that you could protect your position with puts and defer any tax consequences. also you could borrow against your stock to buy the puts. i believe the puts would stop the running of your holding period but that is no harm if your holding period is already long term.

regards


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