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Non-Tech : The Critical Investing Workshop

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To: techguerrilla who wrote (5719)3/1/2000 9:08:00 AM
From: Voltaire  Read Replies (2) of 35685
 
Hi techguerilla,

As you know I sold my ELON at the open yesterday. I will buy back in but I will do so with the idea of A THREE WEEK RETURN of about 20% by using margin.

1. Buy stock and cover at same time ( buy/write), the ATM calls are paying 10%, I use margin so I will make 20% on my investment for about three weeks. Now if the stock explodes I will get an estimated additional one third of that appreciation and then I will hold and write again or let it go at expiration.

a GREAT CONSERVATIVE WAY TO GET INTO ELON,

Like I have said before, when they give away money, I'll be in that long long line!

Voltaire
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