Your observations are the stuff that makes reviewing this forum worth my time. Good idea on shorting to cover my long position.
Can you recommend any good books on trading in general? My current dilemma is that should I sell my MSFT, I will take a big tax hit. The last MSFT I bought was at $48. (Corrected for the split.) When I go to re-invest, the Feds and State will have half of my money. I guess I can short and cover my position later to hold my stock long term.