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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (3966)	7/18/1999 2:40:00 AM
From: Uncle Frank	Read Replies (4) \| Respond to of 54805

Mike, what a wonderful summary of "the good life". It looks like your personal and financial houses are in order. Compliments. My thoughts on y2k are confused. Many of the non-teckies equate it to Armagaedon. y2k kit sales are booming. It's a form of madness. And I fear it will take its toll on the markets during the late 3rd and 4th quarters. A self fulfilling prophecy. But the impact will be brief, so it would make sense to have some money set aside for bargains. I'm thinking we may pare down our holdings to core positions, and hold about 25% in cash during the danger period. As well, we may sell a series of 3 covered calls on the core holdings, to generate additional cash, with the expectation that we will be able to keep both the premiums and the stocks. The game plan would be to be back 100% in equities before 4Q earnings season begins. My y2k plan is a work in progress. I would welcome any dissenting ideas. Frank