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Strategies & Market Trends : Options
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To: Jill who wrote (4466)3/9/2000 10:44:00 AM
From: Cosmo Daisey  Read Replies (1) of 8096
 
Jill,
Tough question on JDSU, who knows where it's going. QCOM has corrected so it's probably the most stable of the techs but if the market comes down Q* will also. I am becoming increasingly cautious about the market. You mentioned the SI'ers who are multi'$ not having the same problems but there is a different problem. We need to take money off the table and put it where? The struggle to come to terms with 6.5% CD's compared to a 30% run in your favorite stock will drive you nuts. However when you reach critical mass you have to protect the bank. If you don't and you lose it you have two choices. One is get a job and the other is stop by the pool store and pick up a length of hose, get a six pack of Bud Light, connect the hose to the tail pipe, run the hose in through the window, start the engine and snap open one of those Bud's. Aw the hell with, go for the regular Bud.
Covered calls? Sounds good.
cdaisey@guinness.com
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