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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (2721)9/21/2000 10:28:06 AM
From: im a survivor  Read Replies (1) of 65232
 
Howdy Porchers,

Been out of it since Saturday. Wicked stomach virus put me down hard. Still kind of out of it, but trying to get back to reality.

Question - in an effort to gain leverage ( well, actually, lower the margin level and get it lower then 25% ) I was thinking of selling my JDSU and rolling the money into
call(s). My concerns are the sideways/downward movement on jdsu that will likely continue until all their mergers are cleared up and/or the naz just shoots for the moon. I'd hate to roll into Januarys and then get screwed if JDSU stays stuck in the mud.

Anybody have any idea's for me as to what month and strike I should look at...or maybe I am better just sitting as I am with the stock ???? My thing right now is I want to eliminate some margin....get it down to a respectable level so if we do have a hard, hard correction, I will not be faced with a call. The JDSU I have right now is covered with jan 170's, which I could buy back cheaply. I also prefer not to sell anything as I need to be as fully invested as possible whenever the market takes off, in order to make up for the awful losses so far this year. So currently, I am trying to balance a fine line between staying in stocks i feel have big upside potential, while utilizing the occassional covered call and or simple buying of calls, while trying my best to keep margin at a decent level.

Idea's.....suggestions would be appreciated.

Keith@gladiamfinallyabletokeepsomethinginmystomach.com
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