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 (34678)	3/26/2001 4:55:36 PM
From: SecularBull	Read Replies (1) of 65232

I do not see those getting that cheap. I do not rely on charts after the third rate cut is in place (and not a whole lot before, either). TA is not my bag, baby. As for the cost of the options vs. the stock... Come Jan '03, I expect this stock to be MUCH higher than today's levels, and this is a leverage play on that. The return on a portion of those leaps can lever the rest into a longer term stock position. BTW, if you like lower premium, look at the ITWO '03 $10 leap calls. ~SB~

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