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

To: tekboy who wrote (8654)	10/23/1999 6:44:00 AM
From: John Carragher	Respond to of 54805

QUALCOMM, Inc. was a Pick in the 10/25/1999 issue of Fortune in the article "Next Up for Cell Phones: Weaving A Wireless Web" written by Janet Guyon. The article is 4.5 pages long. Bullish Reasons Cited: The wireless phone maker is expected to benefit fr! om its recent strategic partnership with Microsoft, which will produce an operating system for its cell phones that provides many of the same tools as Windows '98, including Internet access.

To: tekboy who wrote (8654)	10/23/1999 10:56:00 AM
From: Uncle Frank	Read Replies (4) \| Respond to of 54805

tb, please rtfc <as in commandments> again. You're in violation of several of them at the same time. Options take the normal risks of investing in a stock and elevate them by an order of magnitude. They are in no way part of Gorilla gaming, and are imo a form of gambling, though some who claim expertise say they attain superior results. As I see it, Fixed income investments are for iced tea drinkers. Mutual funds are for beer and wine drinkers. Stocks are for whiskey drinkers. Options are for drug addicts. And while LEAPS may "only" be the marijuana of options, they are still capable of impairing one's judgement. I am not trying to become a Poster Boy for Derivatives. I responded to Jean because she was having difficulty understanding the nature and value of her investment, not as an advocate of the strategy. Frankly, I'm curious how and why she acquired her LEAPS in the first place. tb, I've got some bad habits that I'm not particularly proud of; just ask Aunt Nancy, or remind me to show you my tattoo when we meet in person. Some of our threadmates invest in a Shiny Pebble or two to satisfy their craving for action. I use options on Gorillas in the same manner. I'd suggest you read Roth's book cover to cover before you put a single dime in derivatives. Best regards as always, Frank

To: tekboy who wrote (8654)	10/24/1999 9:40:00 AM
From: Jill	Read Replies (1) \| Respond to of 54805

Tekboy extraordinaire, how do you like Roth? I found it pretty readable. When I was first being "taught" options last year, I was told to paper trade. But like you I didn't want to wait. The whole idea of setting up a paper portfolio bugged me. So I just started trading, but I did so fairly conservatively. By that I suggest beginning with only 1 or 2 contracts of anything so you don't risk a lot. The joy you get out of making it work is worth it, the risk is limited, and once you start to get a feel for it you can do more. Jill