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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (6837)	9/22/1999 2:03:00 PM
From: MonsieurGonzo	Respond to of 11051

Gersh:" SPY " ...I was looking at investment entry-points, Gersh; a -10% dip (now); accumulating/buying down to -20% where I'd switch to LEAPS leverage; at -25% down I'd throw my 40% margin reserves at the market, double the LEAPS position. given THAT gift (^_^) I'd cash in the margin-LEAPS bought at -25% down when the index bounced, hit -20% down, stick that 10% gain into bonds/money-market something -- and let it ride. At -10% down, I'd sell-to-close the LEAPS leverage bought at -20% down -- and never sell the remaining SPY stock. When the S&P-500 hits its 200d EMA on a -10% dip, I'm thinking "invest", buy this dip down from 200d EMA 1x/2x/3x/4xLEAP=100% capital/+4xLEAP margin reserves/ - not, "trade", fwiw. -Steve