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

To: Ibexx who wrote (13870)	1/5/1999 10:45:00 PM
From: Daiju Kohno	Read Replies (1) \| Respond to of 74651

Ibexx: <The profit one failed to make (when he/she could have made) should be looked upon as a true LOSS.> I must respectfully disagree with you on this. I think such thinking is very dangerous and misleading. (If you buy a $5 lottery ticket to win a $50 million jackpot and don't win, did you lose $5 or $50 million?) Lost opportunity, yes. True loss, no. DK

To: Ibexx who wrote (13870)	1/6/1999 1:11:00 AM
From: ed	Read Replies (3) \| Respond to of 74651

Ibexx, I just read on the Yahoo Microsoft thread , someone bought 100 shares of Microsoft back in 92 at the price of $92, and today he has 800 shares, and after the coming split he will have 1600 shars; well not bad , but he is stupid. With his cost of $9200 for 100 shares back in 1992, he may bought 4 contract of , say year 1994 strick price $140 leaps, which is well out of money at that time and the premium is very low. Microsoft seemed to be splited every on and a half year at that time , so in 1994 when his four contract expired, the stock price may hit $230, so he can sell 2 contracts at the day of expiration with a total cash of $(230 -92) * 200 = $27600, and use that cash ( after tax) to exercise the rest of the 200 shares at the expiration date , which needed ($92 * 200) $18400 . and today after all these splits , he will have 1600 shares before the coming split , and after the split of this Jan , he will have 3200 shares , instead of 1600 shares. Then he can sell another 600 shares , and use the cash to buy year 2000 $200 leap, and sell half of the leaps , use the cash to exercise the rest of 300 shares . By doing so , he just keep increase his holding every two years with free money !!!!!!!!!!!!!!!!!!!!!!!!!!!!

To: Ibexx who wrote (13870)	1/6/1999 12:11:00 PM
From: PMS Witch	Read Replies (1) \| Respond to of 74651

Happy with stocks today? I'm not an active trader, but just hold for the long term. MSFT coming up to 10 years. The buy-and-hold people get the equivalent of an interest-free loan from the tax man. This helps. Also, over the years, they see not only the potential of what they could have made, but what they could have LOST too. I think a successful investor is one who has made ENOUGH! (Few achieve THIS goal) Happy holidays, PW. P.S. I'm up to my *** in snow!