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To: Voltaire who wrote (1417)	1/27/2000 12:58:00 PM
From: bdog	Respond to of 35685

Interesting theory. I'd like to understand it better. What causes the indices to go up in the first place? In other words, where does the strengh come from that the Houses are able to sell into?

To: Voltaire who wrote (1417)	1/27/2000 1:03:00 PM
From: im a survivor	Read Replies (2) \| Respond to of 35685

Tom ( Voltaire ), I want all the qcom I can get, so I choose not to try and time the market by selling and buying back my long shares. Instead, I am simply writing covered calls, buying them back lower, writing more higher and so on. When we reverse, I will have to buy them back higher, but in the meanwhile I can keep my shares and make some $$'s on the premiums. Additionally, I am buying leaps on the dips. Usually about $20 otm, as the premiums usually look nice. I assume you unloaded most of your long position into the strength, however may I ask what you are doing, or have done with your options. Are you buying...if so what looks good to ya. Did you unload your options into the strength, or simply hold em and buy more ? Hope your feeling better. It's funny...with you gone ( not posting for a few days ) during this recent turmoil, I could just see the panic setting in on people. I am sure these folks bombarded you with many private messages. I hope you ignored them all and got your rest. I think I speak for most people when I say we greatly appreciate your opinions, but you owe nothing to nobody but yourself. If people decide to live by your every word, that is their decision, not yours, and they will have to live by their decision to do so. If your laid up with the flu, playing golf down in the keys, or simply don't want to post, you are certainly not obligated to do so. Folks that panic because you are gone need to get a grip on reality. Me? Well, I have known you awhile now since the earlier DELL days. I have always respected your opinion...and with good reason since you are right 90% of the time, but like all opinions that I respect, I am well aware they are just opinions and noone..not you, not I, not anyone, has a crystal ball that is right 100% of the time. Anyway, I take your opinions as part of my DD and make my own decisions, as others shpuld be doing as well. So feel free to disappear for as long as you like, for whatever reasons. You have given so much to this thread, and many others, that you owe nothing to anybody. If folks don't like the fact that you are gone, they will get over it, or it is their problem to deal with. Lastly, I notice some folks really like to try and get under your skin. Do not waste your time responding to these folks....you know who your true friends are, and others are best being ignored. Feel better...I am eating some chicken soup for ya :-)) Keith

To: Voltaire who wrote (1417)	1/27/2000 2:37:00 PM
From: kokomama	Read Replies (1) \| Respond to of 35685

Still not quite understanding House manipulation. What is specifically occurring at the brokerages to make it happen? Are they buying and selling to themselves (within each house) to move prices? Are they buying/selling to other Houses to move prices where they want them to go? Aren't they competing with each other? If they are, why would they all move in the same direction at the same time? Love your posts and your analysis, and just trying to understand the mechanics better. Thanks again, kokomama

To: Voltaire who wrote (1417)	1/27/2000 4:37:00 PM
From: Dr. David Gleitman	Respond to of 35685

Welcome back Voltaire! I have to apologize (mostly to myself!). I was reading your recomendation re: qcom and the present market, advising to sell into strength. I watched and saw that the market was improving and that qcom was up several points in the am. Being on vacation down in florida, I took the kids to the Lion safari (got to get one of those palm Vll and switch to Fidelity) and was out of intimate market contact (with the exception of a margin call from schwab). Should have sold some of my position into strength. As a result, it was probably one of the most expensive admission tickets spent yet. Do you see the bottom at 110, and do you see any changes in the market condition since your earlier post. Best regards, David

To: Voltaire who wrote (1417)	1/27/2000 5:04:00 PM
From: Detail-MD	Respond to of 35685

Voltaire, thread: Just got back from the floor of the CBOE. Had a nice lunch with the Exec. Vice President. Met the QCOM Chicago options market maker. Nice guy. He said that volatility was really coming out of the Q's options--even the LEAPS. (Good buying op in here.) I don't know how those guys do it---too much yelling and you can't really see the screens very well. Personally, I would rather trade at home. But I am thinking of leasing a seat for a couple of months to get the "feel" of the floor and how the MM's think. Overall, a great learning experience. Was cool to see what happens "behind the scenes" and what happens to your order after you click the mouse. You shoulda seen the OEX and the S&P 500 pits. Sheesh!!! Looked like a scene from "Trading Places". Glad you're back and feeling better! -Steve

To: Voltaire who wrote (1417)	1/27/2000 6:49:00 PM
From: crdesign	Respond to of 35685

For those of you who own <1,000 shares of QCOM. Don't read my post. @ this point, timming the bottom of QCOM is useless. If you are long then forget about you Q's until Sept. It will be a bumpy ride right to 4.15.00, and then comes the summer blues which tend to be even choppier. QCOM will not let you down over the long term. When the houses finally decide that Q is a blue chip amongst brown paties you will wonder why you ever had to post here. Enjoy the porch, and be mindful not to let your rockers scratch the siding.