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To: Ibexx who wrote (55125)	12/20/1999 2:55:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

>> No one questions the merit of LEAPS plays, but timing is the issue. Imo, the beauty of LEAPS and the feature that makes them unique in the universe of derivatives is that they don't require timing, just a correct call on the long term bias for the underlying security. They are an investor's instrument, and not suitable for options traders. uf

To: Ibexx who wrote (55125)	12/20/1999 8:32:00 AM
From: Voltaire	Read Replies (2) \| Respond to of 152472

edamo put it best, and the more I thought about it the more he convinced me. There will be no bull and there will be no bear, just tremendous volatility and I for one am going to take advantage of it. I am convinced because the markets, especially the Naz as a result of the tremendous liquidity that is still and will keep coming into this cannot be controlled by the Houses as much as in the past, VOLATILITY will be their weapon of choice. There are a lot of option holders and especially in the Q that are going to learn what time value is. Everything has been hunky dorey because of the 4 for 1 but after this 4 for 1 they had better get a comfortable playing field and for me that is Time. MOST PEOPLE BECAUSE OF FEAR CANNOT PULL THE TRIGGER ON THE DOWNSIDE, I HAVE NO PROBLEM! YOU GUYS ARE ALWAYS TALKING ABOUT GETTING THE MAXIMUM OUT OF THE INVESTMENT, THE MAXIMUM TO ME IS COMFORT AND PROFIT! JUST REMEMBER WHAT edamo said and I want to DOUBLE it - INTSTEAD OF CORRECTONS, WE WILL SEE STORMS OF VOLATILITY! PLAYING THIS MANIPULATED VOLATILTY IS WHERE THE MONEY WILL BE. BUILDING UP THOUSANDS OF SHARES IN OPTIONS ON DIPS IS WHAT I WILL DO. V