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

To: Uncle Frank who wrote (8660)	10/23/1999 12:29:00 PM
From: tekboy	Respond to of 54805

"You're in violation of several [commandments] at the same time" AND "I've got some bad habits that I'm not particularly proud of" Hmmmmm...what comes to mind here? absence of sins being a prerequisite for stone-throwing? beams in eyes vs. motes? black pots and kettles? <VBG> I heartily commend your comments and general perspective, Uncle, and I join you in strongly advising all to DO AS I SAY, NOT AS I DO! Thus sayeth the prophit... Seriously, everyone, Frank is absolutely right: I'm learning all this as I go along, and doing my non-pure-GG stuff with a relatively small pocket of discretionary funds that I'm using for what I think of as "experiential education." Dilettante that I am, I find that actually having a toe in the water concentrates the mind wonderfully and helps me learn the rules of the game more quickly and thoroughly. By doing it publicly, I would hope others can learn comparable lessons without the risk. (As with Frank's buying of Q puts in August--or was it writing Q calls, or something else entirely? anyway, it was a good lesson for all: don't bet against a gorilla) "while LEAPS may 'only' be the marijuana of options, they are still capable of impairing one's judgment" ROTFL! I guess that puts you one toke over the line, sweet Uncle! "I'd suggest you read Roth's book cover to cover before you put a single dime in derivatives." Almost finished with it; I'm certain that the only things I might conceivably be interested in are buying QCOM or GMST LEAPS calls and possibly buying protective LEAPS puts. (The other stuff makes my brain hurt!) After I finish the Roth, I'm going to (try to!) read Bittman's "Options for the Stock Investor." Then it's on to Frank Partnoy's "FIASCO," which a wise friend recommended as a chilling look at derivatives trading in action... tekboy@what'sforthosewholikewine,scotch,ANDtheoccasionalpuff?.com PS re the tattoo, I hope it's like George Shultz's, but with a different species!

To: Uncle Frank who wrote (8660)	10/23/1999 1:13:00 PM
From: uel_Dave	Read Replies (2) \| Respond to of 54805

Nortel Networks top performer of ML Top 10 Tech List (note: copied from Nortel thread ) Message 11684180 Performance through 10/22 from 9/9 Ticker Return NT 20.2% NVLS 7.3% SUNW 6.9% KMET 2.8% ORCL 0.1% Average -0.8% MERQ (IBM) -3.5% CSCO -4.8% MOT -4.9% TXN -12.2% XLNX (INTC) -20.0% Source: RESTEX.COM analysis Additional info: restex.com

To: Uncle Frank who wrote (8660)	10/24/1999 9:45:00 AM
From: Jill	Read Replies (2) \| Respond to of 54805

Unc, be kind to tekboy. I believe that options can be used judiciously. For instance, if you sell put leaps, you are really avoiding all short term volatility, and if worst comes to worst, and you really miscalculated and the puts are underwater, you can reposition by buying them back and selling new puts further out, always coming out ahead. So you can wait them out. Leaps calls would seem okay too, again, if you really understand the fundamentals of a stock. Short term trouble and "gambling" propensities come mostly, I think, from short term trading, such as buying calls or writing calls a month or two out on a very volatile stock. That can kick you in the butt. Or as t2 on MSFT thread notes, an addiction, from which he made his fortune but could have lost it too: way out of the money calls on MSFT, very short term, after studying the trading patterns of the stock. That could be called gambling. Buying DITM calls, which are often quite pricey, especially deep in the money LEAPS, usually move point by point with stock. It's something one can do when the stock is temporarily depressed (as we once thought DELL was--but it seems to need long term prozac at this point), thus riding the way back up, but spending about half the $ to control much more shares. I think all investing is a mirror of self--not trying to wax too philosophical here--but one's investing style is reflected in all the trades one does Also--

To: Uncle Frank who wrote (8660)	10/24/1999 1:00:00 PM
From: RoseCampion	Read Replies (1) \| Respond to of 54805

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. LOL! ROTF! Uncle, your way with words has captured my fancy once again. I've never heard such a succint summary...thanks. But knowing your opinions well, I think you need to add: Stocks on margin are for problem drinkers. -Rose "recovering drug addict, still puffing away on those funny cigarettes, though" Campion-