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

To: ToySoldier who wrote (9410)	7/17/1998 10:43:00 AM
From: Augustus Gloop	Read Replies (1) \| Respond to of 74651

Thats not what I am saying but I have no intention of selling now. Cap. gains are a killer tax.

To: ToySoldier who wrote (9410)	7/17/1998 10:58:00 AM
From: xstuckey	Read Replies (1) \| Respond to of 74651

"Make sure in your will that you request that the stock be buried with you." Toy, I believe you have jokingly hit upon the true master plan. First off, when the third car in the procession is a Brinks truck, no one will care whether it is carrying stock or cash. A much to be admired gentleman named Humble Carl Mehr suggests that you never sell a share of anything and just live off the margin as the account grows. As I painfully become more and more aware of the tax consequences of selling/trading stocks, the more I am inclined to agree with Humble Carl. Being right rapidly becomes secondary to tax questions when your goal is to create real wealth. For example, when you book a long term gain, the first thing that happens ( way before you get to the tax rates ) is that most of your deductions are disallowed because of excessive income. So, in effect, most of the money that you would have deducted, you now get to pay taxes on at ordinary rates. Best Trading, X

To: ToySoldier who wrote (9410)	7/17/1998 2:11:00 PM
From: J Parmar	Read Replies (2) \| Respond to of 74651

ToySoldier I don't disagree that you have considerable experience with MSFT products but after looking at your profile, I am wondering what your motivations are? You have stated earlier that you do not buy nor sell MSFT securities. Why then do you post here? I can only surmise that you feel that you are doing a "service" to MSFT investors by giving us the "wisdom" of your experience with the products. Penny stock investors play the market from an extremely different perspective and oftentimes cannot understand a stock performance that is based partly on fundamentals and partly market sentiment (ie systematic and non systematic risk). To be able to play both blue chip and speculative stocks requires a high degree of sophistication. Toy, do you ever invest because you have done research and then looked at a historical chart? I think someone mentioned Novell before. You could believe that NOVL has a superior product yet the stock performance of MSFT has been more impressive. Using that as an example, why would you invest in NOVL? You may not believe in MSFT hence you might not buy their stock but why would you invest in a stock (ie NOVL) that is languishing? For example, someone could enjoy playing Myst but certainly not want to buy BROD. Liking a company's product should be weighed with stock market conditions before purchasing any stock. Unfortunately Toy, the market ultimately knows what is right and even if your predictions about NT, etc come to light, I would still say the same thing. I have not been a member of SI for very long, but I have gone from having respect for your differing position to just becoming annoyed. You act as a child now in your posts, stamping your feet and stubbornly saying the same things over and over again despite all the evidence to the contrary. I am a user of various Microsoft products and I will admit to seeing some validity in your arguments. I have learned however, that when it comes to software what seems to bother some technical people, such as yourself, is not important to me as an investor. I would think that ultimately investing, not finite technical expertise, is what people on this thread really want to learn. Investing, as I stated earlier, should be devised partly on company fundamentals and market sentiment. Janis PS: I found your predictions of today's action in MSFT rather amusing. Did you use the same criteria you apply to penny stock investing?