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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Sunny who wrote (5977)9/4/1999 11:12:00 AM
From: gdichaz  Read Replies (1) of 54805
 
Sunny: Mike has a magic carpet as in the old tale, so he can travel in a blink everywhere and see and analyze anything. That carpet is not for sale.

On options, in my long life I have tried just about every investment approach and learned from mistakes particularly. Expensive lessons often. Never touched options though. But a couple of years ago I thought the Q and Loral were where I might try LEAPS as a learning experience (my motto is - never too old to learn). The Q's LEAPS have done well, the Loral LEAPS show major losses. One out of two.

And the downside of LEAPS is very much with me right now. As a long time Q holder, I couldn't care less about daily, weekly or even monthy swings - the long term trend is my friend.

But unfortunately since my LEAPS expire in Jan 2000 , I am forced to care right now. Don't like that.

Note the implication in Gregg's post that while the current unpleasantness re the Q is probably overdone, the 4th calendar quarter (that is not the Sept quarter with earnings announced on Nov 2) is where the Q may shire most brightly. That is just a tad late probably for Jan 2000 LEAPS to reflect that shine.

And on Loral, the G* startup is just beginning. Not good for holding a piece of paper that expires in Jan 2000.

So timing of sale or excercise (I plan to do both) will be tricky. That is unless a wiz here has a brilliant suggestion.

Cha2



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