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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: 100cfm who wrote (22246)4/4/2000 9:01:00 PM
From: Uncle Frank  Read Replies (1) of 54805
 
>> 4. Csco is the rock of gibralter of gorillas. Uncle Frank, I would be curious to hear how your csco leaps reacted during the two past days especially at today's bottom.

My Cisco LEAPS are wavai (Jan 2002 45 strike). At the close of the market on Friday, the bid was 41 5/8; at the close today the bid is 38, which is a drop of 8.7%. In light of the bashing Mr. Market has given the tech stocks this week, I am very pleased with the way the Cisco LEAPS have held up, particularly since they only cost me 17 1/2 three months ago.

Qualcomm held up equally as well this week, dipping from 149 5/16 to 146 5/8, a mere 1.8%. With Gorillas Cisco and Qualcomm representing 62% of my portfolio, I feel as if my portfolio is built on a very solid foundation.

uf
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