VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (4233)	9/28/2000 12:32:46 PM
From: hroark2000	Read Replies (1) of 65232

KG, I have been following a plan fairly similar to yours, except I have been going with Leaps because I like the additional time they afford. I know what you are talking about with Leaps actually increasing your margin percentage. My equity decreased as I made the conversion, but the stocks I owned like QCOM have already fallen so much that I don't think there is much downside left so I am not that worried about a margin call. The other thing I did was buy some shorter term calls (ie. EXTR) and I have been taking profits rather than going for the homerun and have let those profits go to pay off some margin debt. I think the important thing is to look at your stocks that generate buying power and then see how much of a drop you could absorb before a margin call. If QCOM or SSTI generate a large percentage of your buying power they probably do not have much downside left so you could be more aggressive in your Leap or option conversion. Good luck and getting off margin, if all goes as planned by year end I will be margin free. HR2K

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