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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: uel_Dave who wrote (4628)	2/22/2000 7:45:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

Hi Dave, I do not write nor advise people to write CC's for any other reason than improving their lives. I had a gentleman over at my house this afternoon and he is probably reading this at this moment. He has roughly a million in QCOM and none of it is covered and yet he would love to quit his job. I asked him one question, why do you work? I said, you mean to tell me that you had rather be naked on a million in QCOM and have all the stress that goes with your job not to mention the stress of the stock market rather than what I proposed. He said he would like to discuss it further but felt like it was too good to be true. Now, which is better, what I just described or the following. One half million covered making him $50,000 a month and letting the remainder float through the Casino without a worry in the world. So, you see I don't write certain strikes with anticipation of anything other than about 10% on my money for six weeks and so I do it at the money. THEN I JUST LET THE WORLD GO BY. I love it when I hear that by writing CC's you have given up lost opportunity. My question to that is for what? Lost opportunity for the N'th dollar or lost opportunity of having NO STRESS. One day people are going to get it. It is stress that kills, ruins marriages, hurts children and on and on. I have chosen not to participate. Give me my CC's, my naked shares, my flowers, my plane, my golf, my family, my books, friends like you people, sunshine, chiropractic, my river and everyone else can chase that last dollar. Voltaire