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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (5144)	8/23/1999 3:53:00 PM
From: Jean M. Gauthier	Read Replies (4) of 54805

Well boys and girls.... Since I am not selling my 4 Horsemen of the NAZ, and that I am not rich like Mike, Lindybill or you Sir.... I bought 1, read it, 1 only QCOM 2002 160 LEAP call about 3 months ago... I paid..... $ 5800 USD for it... It got crushed to 60% of it's price 2-3 weeks after I bought it (great timing huh?!), and I had NO money to average down... What do you guys think could happen to this baby, when I will want to exercise/sell it in March 2001 (before the time value of the option starts going down dramatically) ? If I understand this right, for every $ OVER 160$ this stock goes, the LEAP appreciates by as much ? Hell , I could end up with 4x $ 40 LEAPs in 18 months, whne the stock is trading at $ 100 <smile>.... Take care everyone, on the BEST thread here at SI. Jean

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