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

To: pala who wrote (8096)	10/11/1999 5:06:00 PM
From: Uncle Frank	Read Replies (4) \| Respond to of 54805

>> Could we (you) develop a call or leap guideline for Q, purchased with cash I'm new to LEAPS as well, Doug, but I did stumble into some ZNOATs (qcom 1/01 200 calls). As I understand it, LEAPS are a fairly conservative approach, provided you sell them at least 9 months before expiry, when their massive time value begins to decay. This means I need to close my position by 3/1/00. So far, my experience has been positive. I purchased the QLEAPS for 40 3/8 on 8/23, when the common ranged between 176 3/8 and 184, and they closed today at 70 1/4 for a 74.3% ytd return. The most I could have gotten out of the stock, if I had timed my entry perfectly, would have been 26.2%. LEAPS will remain a very small part of my portfolio until I understand them much better. uf