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To: Voltaire who wrote (4632)	2/22/2000 8:00:00 PM
From: uel_Dave	Read Replies (1) \| Respond to of 35685

Thanks Voltaire. I like QCOM, however as per my PM to you, I have too much in my tax sheltered accounts. The Canadian Government ( Rev CDN ) taxes me 1% any amount over the 20% booked amount in our equivalent IRA/401k. I will either write CCs to offset this punitive tax or sell my QCOM common shares and buy JDSU ( which is considered CDN content ) and the other 20 to 30% buy QCOM leaps or calls. The tax is a small, but more of a nuisance, hopefully the foreign content rule for registered pensions will be raised to 30% or higher in next week's budget. I cannot even buy great Canadian companies like PMCS, even though it has 99% of the people in BC, Canada; it is incorporated in Delaware. Therefore that only leaves a few great companies like Nortel Networks and JDS to invest in Canadian pension plans. I will still ponder your statement about improving people's lives with the CCs. I still have not thought about writing CCs against the QCOM shares that I have outside my RRSP (your IRA /401k )or other common shares. Thanks again, glad you are feeling better, David

To: Voltaire who wrote (4632)	2/22/2000 10:58:00 PM
From: Stu R	Read Replies (1) \| Respond to of 35685

Voltaire, With the CC strategy you are referring to, what do you do with the cash when the shares are called away (probably more often than not)? And I assume since your strategy is meant to reduce stress that taxes are not a concern. Would appreciate hearing more about this. Stu

To: Voltaire who wrote (4632)	2/22/2000 11:08:00 PM
From: Sully-	Read Replies (1) \| Respond to of 35685

Voltaire, OK, I'm giving serious consideration to this 1/2 & 1/2 plan. I follow your logic on selling CC's in the 8 to 10% range. Now, you say your write them & sit for six weeks, so I'm assuming you do this every other month & pick your spots, right? I'm also assuming that since you aren't worried about anything beyond getting that 8 to 10%, you tend to get called away. Might I inquire what your strategy is in replacing those shares? I'm in a similar position as your friend was & I am keen on attempting this strategy, but I'm pretty green at the options game. Can you do this Yankee a favor & pass on a few tips. I'd be more than grateful for any assistance. ;-) TIA w2