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To: Poet who wrote (1746)	1/26/2000 2:49:00 PM
From: DownSouth	Read Replies (2) \| Respond to of 8096

Actually, Poet, I like your idea. I had enough cash to buy a 135, so placed the order. It's a start.

To: Poet who wrote (1746)	1/27/2000 2:29:00 AM
From: waverider	Read Replies (2) \| Respond to of 8096

2002 vs. 2001 LEAPs. I'm going to work this out in the open for fun and see what happens. I've got several bags full of deep in the money 2001 QCOM LEAPs (also a few $107 1/2's which are sorta DIM). OK, so I am thinking what could I do with some 107's if I wanted to buy some 2002's? THIS IS IN AN IRA ACCOUNT so taxes are NOT an issue (I would NOT consider this in a taxable account). The 107's (2001's) are bid 42 1/2 The 175's (2002's) are ask 38 1/2 So I could sell ten 107's and get eleven 175's Not much more leverage. Hmmm...so I'll just keep the 2001's. Everyone agreed on that one? Now then, I have some stock. (Also in a non taxable account) I sell 1000 shares at 125 yielding $125,000. I then buy twenty eight 2002 $150's at 44 1/8th. So now I have almost three times the shares due to the increased leverage. Hmmm...this sounds much better. Am I leaving something out? I've done this before and it has worked out beautifully...but that is the trick, isn't it? In my taxable account I am holding steady.