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To: Jill who wrote (190)9/27/1999 8:17:00 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 35685
 
Jill, as I think I already mentioned, my core investments are in common and calls on Q. I have a (mentally separate) "sandbox" stash of lunch money that I play with on short term moves to try and be cute based on information delivered via astral planes, pig entrails, TA, and the like. Lunchtime trades can be fun if you anticipate some good swings like we had last week. If it doesn't work out so well...then you lose your lunch money and go hungry for a few hours. Not the end of the world or the starting point of a big debate about the long-term future of the Q/market/pig entrails/other subjects of great importance to humanity. But, a fun and sometimes profitable way to get carpal tunnel syndrome. BTW, I think the time to make aggressive bullish options bets (i.e., 10 to 50 percent of portfolio value) was way back when Q was in the 150's and 160's...like 2 weeks ago. Sitting on an all-time high close, I'm happy with my stodgy old common and LEAPS--no short terms on Q. Cheers, Greg



To: Jill who wrote (190)9/27/1999 10:26:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
Jill, what do you think about my plan?

I tend to be somewhat aggressive
need the advice of a bright woman
too many damned men on these threads
such chest pounding, aggrandizement, negativity

even a supernumerary sphincter appears who implies he plays Omar Sharif's favorite game

some technical simple methods point to a target of 225... FatherVolt envisions 235... I hold shares with a decent sized margin... when we get to 220, begin selling off margined shares... usually the price series shows the retest of highs, whether it be 225 or 235... if a retest shows reduced strenkth in form of lowered volume and diminished RSI, then I raise even some cash from equity shares... finally resist temptation to either sell covered calls or buy open puts

if and when QCOM comes down 5-10-15%, pounce back on common shares, while gathering back some margined shares for Christmas scream run

maybe even sell some puts after a decline and stick them in a Christmas stocking

how does that sound?
a young man must plan
the seat of the pants only gets a guy so far
thanks for any shared view
/ Jim Willie