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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (3552)	12/31/1999 9:47:00 AM
From: Murrey Walker	Read Replies (1) \| Respond to of 24042

DS...we all have {particullarly me) a lot of learning to do, but thank heaven for G & K!!!!!!!!

To: DownSouth who wrote (3552)	12/31/1999 10:14:00 AM
From: Jill	Read Replies (3) \| Respond to of 24042

OT...Well, my head has been turned around by Voltaire and some of his thinking. It's maverick and yet it's so simple and makes sense. Someday I'd like to start doing it. So, for instance, Lindy sells 600 shares in his retirement account, takes a penalty for early withdrawal, and then buys whatever he can, but lets just say 600 shares in a brokerage account at the same price. He watches Q. He sells OTM covered calls on say, 300, shares, calls he hopes will just expire worthless. He uses that premium to support himself that month. If the stock gets called away--well he sold it before anyway--and it got called away because Q went up so much, so his other 300 shares are worth even more. Or, if Q is volatile, and takes a downturn, he takes that oversold opportunity to sell some puts that he hopes will expire worthless. So he sells them at a safe strike price significantly below the trading range, takes the premium...and when Q spikes up again, sells covered calls. Sell the calls at the top, sell the puts at the bottom. I know it means watching the market, but who can stop watching the market these days!!!! I have not done this kind of stuff in any substance yet. I think you have to be in retirement mode--to feel you have accumulated enough to sit back and relax and start living off the profits