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Strategies & Market Trends : The New Millenium Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (9)	1/15/2000 1:01:00 PM
From: HG	Read Replies (1) \| Respond to of 540

Tom & John, <<<22% will be more actively traded, where we buy stocks on breakouts and are looking to hold for a few weeks to a few months,>>> I'd suggest using up 5 or 10% of this 22% for pure speculative plays....investing in under $30 stocks with good concept, services, products, management and/or technology. For who can forget having passed up YHOO @30 and Ebay @22....!!!!

To: Jorj X Mckie who wrote (9)	1/15/2000 1:44:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 540

Tom, That is something that we can consider. the one drawback with that strategy is that if we used it on CMRC or QCOM 4 months ago, we would have some premium income and the puts would be worthless, but we would have missed out on the 1000%+ run up in those stocks. However, Considering that we will be legging into our 23% of the portfolio that is principally buy and hold over a period of say 4 months ( this is to get the benefits of dollar cost averaging and not put all the money in the market at the top for the year.) We could look to sell a few naked puts on a stock that we will be buying on a price decline. If we can create a scenario where we sell a put on say JDSU and can create a situation where we would be buying the stock to cover the naked put at an effective price back down at the 100 or 200 dma that would work out well. We want to be a buyer of JDSU at the 200 dma in any case. The fact that we can not put more than 1/4 of the funds earmarked for "long-term" holdings" to work this month with the market not having corrected recently. However we can put more money to work in our premium names at a lower level which we would synthetically create by buying the stock at a lower price level and paying with the position partly with the premium of the naked put sale. A very interesting and creative Idea...Kudos. we will have to winnow down our list of stocks that we really want to advocate the case for and thus put into our positioning area. take a look at CAMP as something we may want to buy on monday. It looks like it's breaking out of it's horizontal basing pattern. I would be comfortable with camp in the longterm or trading part of the portfolio. CNXT is in the same type of buy situation, I believe. SIRI has broken out above it's 1998 all time high and we may want to put that in the trading account with a stop at 37 note the horizontal line just below 40 geocities.com SIRI might be more appropriate in the trading area, with a stop loss. John