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To: Jill who wrote (2820)	2/12/2000 9:53:00 AM
From: Poet	Read Replies (2) \| Respond to of 8096

Hi there Jilly, Yes, of course those factors are important! I'm just interested in the Zenlike balance he achieved in the trades he's described. I'm trying to be more thoughtful when I enter a trade (MSFT notwithstanding!) to see how I can use my core positions as a vehicle and trade around them. BTW, I'm looking at AMCC and CREE, hoping for further movement downward this week so I can set up put sales on them. Got the house! Just call me Poet Landlord.

To: Jill who wrote (2820)	2/12/2000 11:45:00 AM
From: PAL	Respond to of 8096

You don't have to do an eye for an eye... You are right. I just show the ratio that you get for selling one put contract at 18 7/8 could yield 15 call contracts. This MSFT is pure gamble and I did not use all the proceeds from JDSU put. We learn from a child growing up: when he/she earns money from baby sitting, mowing neighbor's lawn, etc, and let just say he/she brings home $ 10 and show it to his/her mom, Mama says: her is $ 5 for you to spend anyway you wish, the other $ 5 will go to your savings account. That is usually the approach I take, even though it is not always 50/50. Generate cash from premium on a steady basis, and use a portion to make riskier moves. The cash saved is for purchase quality stocks that will be for LTBH. Paul