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

To: johnd who wrote (34501)	11/20/1999 4:08:00 PM
From: Yaacov	Read Replies (1) \| Respond to of 74651

John, I am long on MSFT, very long! gg I also run two other portfoglio's, short and medium term. Short trades on 2 points between buy and sell for one to 5 trading session. Then the stock passes to Medium portfoglio, that tardes 10 to 15% margin. I trade in Switzerland where we are not sunject to capital gain tax, or income tax on tarding non_Swiss equities. I don't trade Swiss equities!gg Our brokerage cost is 10 cents to buy and 10 c Cents to sell, per share! plus 20 cents between Cantonal taxes and carrying charges. So on two dollars margin, you take home 1.70 net. I have a buy order on my short portfolgio at 95 ot better, and sell with 5 dollar margin. That means if the stock opens at 91 I buy at 91, if it opens at 94.5 than I buy it at that price. 95 remains the ceiling! My buy order is combined with a sell order with 5 dollar margin. Therefore, I will in and out this stock with 5 dollars. I can do this here, I am sure you can do it at the States, because we work with the US borkers in Switzerland! If you have any question, let me know. Kind regards, Yaacov