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Non-Tech : Invest / LTD

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To: SJS who wrote (12569)	3/21/2000 6:44:00 PM
From: Thean	Read Replies (1) of 14427

Steve, cashing out now? I have seen a novice friend or two who got shaken out as the weak hands in this tech wreck cycle and they lost their shirts. But you know better! If you really want to be super conservative and can't stand the heat, sell put here and don't buy stock outright and be on absolutely NO margin. The time premium has never gotten this good for a long while. The overall tech risk is very reasonable here after the big wreck because by 4/21 about half of the semi's will have reported. Sold 5 puts already and all are decaying nicely. With the continuing fed fear, the street is expecting a trading range for the next 3 months for the Naz. We probably won't get an all time high close until summer with the summer rally but the downside may go lower than 4450. Again, sell put when the going gets scarry but only fire one shot at a time and never get too greedy. Think rolling over's instead of expecting home runs (expire worthless). This way, the upside would be to hit the target goal in a month with the downside being taking three months to accomplish the same goal. And all this while, the principle is protected and get to earn interest (5.5% money market?) with loan-free money first.

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