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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (21)	12/26/1999 3:26:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 8096

Congratulations ladies. Looks like you're off to a flying start. I can't remember a thread being so anxiously awaited. I'm sure from what I have read the participation should be fantastic. I think one of the more over looked areas of options is day trading. These manipulated 15 and 20 point pullbacks lay the ground for a lot of profit. One of the better books on the subject is - DeMark on Day Trading - OPTIONS. Selah, Voltaire

To: Poet who wrote (21)	12/26/1999 3:36:00 PM
From: Uncle Frank	Read Replies (5) \| Respond to of 8096

Poet & Jill, Congratulations on kicking off your new thread! It serves a real need, and has the side benefit of keeping the G&K thread focused on fundamentals while reducing its bloat. I wish you best of success with your the thread and your returns on Gorilla and King derivatives. Now to business. As a conservative Gorilla gamer, I realized that I was slightly overweighted in qcom (>80%), and that I was remiss in not owning one of the most powerful of the enabling Gorillas, Cisco, BUT I didn't want to give up my fabulous returns from the Q. What to do? The answer was in Harrison Roth's book under the topic, "stock substitution therapy". Last Thursday I converted 500 shares of qcom to 8 yqjat (1/2002 qcom 500 strike price) and 25 wivar (1/2002 csco 90 strike price). Even if delta on the yqjat's is 65%, I will retain my Q earnings power while adding returns from my cisco DIM LEAPS. The best part is that, since all the above was done in a tax sheltered account, the entire rearrangement cost me about $100 <GG>! Just food for thought. uf