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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (5292)8/24/1999 12:13:00 PM
From: Dr. Id  Read Replies (1) of 54805
 
Lindy (or anyone else with an opinion!)

I have a small position in QCOM (400 shares) bought last April (wish I'd bought ALOT more...). I am in the process of reducing margin loan by lightening positions in INTC, CPQ, AAPL, as well as some other speculative positions that haven't panned out. As I reduce my other issues, I want to start adding to QCOM (I'm also holding onto positions in CSCO, AOL, and NTAP). What do you think about selling puts at slightly lower strike prices (say, Sept 170's or 165's) as a strategy for getting in on dips (and if I don't get in immediately, generating a little income). I know the book says not to time gorillas and to just get in, but my experience is that the techs ALWAYS dip significantly several times a year. As for option experience, I've sold covered calls before but have never sold puts.

Thanks for any input,

Jeff
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