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To: MonsieurGonzo who wrote (7457)	1/3/2000 3:21:00 PM
From: Trading Machine	Respond to of 11051

Hey Steve, my new adventure just started today. Bought SGP 65 leaps for 2 3/8 today as a "TB" experiment. gg This looks like fun!!! Did my books this weekend, looks like I wind up at +329% for the year and an overall of 461%. I was trying like crazzzy for a 500 number in there some where but the market and me just didn't see I - I!! I'll keep you posted on my leaping ability, meanwhile I'm shopping for some more. CU PK

To: MonsieurGonzo who wrote (7457)	1/3/2000 4:50:00 PM
From: Berney	Respond to of 11051

MG, Followed by a rather interesting day! I started with the Phleet about 35% in SGP and 15% in AOL, with the balance in cash. My retail choice to play was obliterated on the gap up -- BBY! My tech I just wasn't ready to commit to, but will be LU. Haven't decided on my financial yet, but it will be a very contrarian choice. For SGP, I've set my targets in the mid-50's and will just wait. AOL broke its daily down trend line today, and I'll just ride to the stall. In any case, I'm going to try and be a little more patient this year. However, I don't ever see myself in a Buy and Hold mold. I still say that bond funds don't belong in a fixed income portfolio. The exception I would make would be High Yield bonds, where I believe the professional management and diversification serves a purpose. I wish you well this year Dude! TB

To: MonsieurGonzo who wrote (7457)	1/3/2000 10:41:00 PM
From: Berney	Respond to of 11051

MG, A Little Tax Humor. A businessman on his deathbed called his friend and said, "Bill, I want you to promise me that when I die you will have my remains cremated." "And what," his friend asked, "do you want me to do with your ashes?" The businessman said, "Just put them in an envelope and mail them to the Internal Revenue Service and write on the envelope, "Now you have everything." Enjoy! :o)

To: MonsieurGonzo who wrote (7457)	1/4/2000 7:19:00 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 11051

Hi Steve. Im intrigued by your >>....those stox with .GT. +34% gains were given a haircut back to their original levels - ie., about ~2.5% of total principal basis equity....<< I'm in the same (happy) situation, but my approach is "hold-on-to-your-winners". The basic question is the amount of risk when keeping them. Rephrased "Is profit dangerous to your portfolio"? Supplementary question: OK I sold, so what am I now supposed to do with the cash? Buy the winners? Well, why not simply keep them. What I do is revolve the leaps (like NOK for 2001 now). MY major problem is the overall PE of my portfolio - its above 60, and THAT's the risk I have to ... ahem... live with. For all leap lovers on this thread, way to go. Just DO NOT look at anything less that 10- 15-day charts. Or you run the danger of wanting desperately to buy or to sell - whichever side of the fence you may be. My solution: stay invested. Am at 80% return on the year and around 55% since 96. With these numbers, its the same as with the dimensions of our ...er... organs: it's not so much the SIZE, as the fun you can have or provide with it. As for me, without this no universities for my kids - pls note that in 3 or 4 years I bled the portfolio to the amount of cca 90% of its present value. You can only guess what I could do with this zero() ROI cash flow. Regards dj () Kids as an investment? Not exactly what me and my wife had in mind in those thoughtless days.