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


To: PMS Witch who wrote (17024)2/27/1999 10:57:00 AM
From: t2  Read Replies (1) | Respond to of 74651
 
Bought your stock in the 80s---Wow! The earliest I realized that I wanted MSFT shares was early 1996 or late 1995. Microsoft was the only reason I wanted to buy shares and get out of mutual funds. I did not think the fund managers realized the potential of MSFT--even if they did--they would not have been able to dump 100% in it.

I erroneusly thought that interest on US securities was not deductible against againt income on Canadian stocks. When i realized that it was, I went out and got a line of credit (the most they would lend me) and used the funds to buy MSFT shares on MARGIN (maximum).
It was only a matter time that I would unload the shares and buy options --Leaps 1998 and 1999. Last year started short term options trading which paid off until this year. On a bit of bad streak on options -1month. Stilling betting on making a lot of money as we hit mid March and beyond--the upcoming stock split will do it for me. Late March might switch back from options back into stock for earnings runup. (I can do this in retirment accounts--so no capital gains are taxed---but paid a lot of money in foreign content penalties).



To: PMS Witch who wrote (17024)2/27/1999 11:46:00 AM
From: Kevin Podsiadlik  Respond to of 74651
 
Without splits, MSFT would now be ..... (Modesty restrains me)

Admiration overcomes restraint. In 1988 terms MSFT closed Friday at:

$5404 1/2 (down $121 1/2).

Congratulations indeed.



To: PMS Witch who wrote (17024)2/27/1999 5:11:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 74651
 
P.S. On another topic, I was in an antique butcher shop recently and the scale was made by none other than International Business Machines. I suppose a butcher scale IS a business machine!

You can find WWII-era Browning M1919 belt-fed, tripod-mounted machine guns made by IBM, too (as well as Royal Typewriter and anyone else who made small-sized equipment with moving parts). I guess this redefines the "office" in "office equipment."