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

To: Clappy who wrote (5534)	2/28/2000 7:05:00 PM
From: mrs goldberg	Read Replies (3) \| Respond to of 35685

That's some good questions Eric, I mean Clappy. These were the good ole days: Cream,ZZ Top,Johnny Winters,Grand Funk Railroad,Fog Hat,Uriah Heep,Deep Purple,Led Zepplin,Rollin Stones,Allman Brothers,........... I could go on and on P.S. Let's not forget Marshall,Ampeg,Fender,Firebird,Gibson

To: Clappy who wrote (5534)	2/28/2000 7:21:00 PM
From: Dealer	Read Replies (3) \| Respond to of 35685

I think gstrf is a fabulous stock as voltaire has stated however: I bought globalstar (gstrf), today but I think you are wrong about it being a certified gorilla.....I think you are confusing gemstar............or whatever! Hey uncle frank where are you? Is gstrf a gorilla? grrrrrrrrrr! I hope so. Probably just a reg. monkey!!! dealer

To: Clappy who wrote (5534)	2/28/2000 8:13:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 35685

PREVIEW -- PREVIEW -- PREVIEW Hello Clapster, before I attempt to answer your questions, I want to take this opportunity to introduce a few friends of mine, THE BEANO FAMILY - Grandfather BLOW, Father BO, Mother BEAULA, and their twin sons BEBO and BOBO. They will be the central characters of a story beginning tomorrow night and appearing here bi-nightly. Join me on The Porch as they traverse the mine fields of life and investing. Thank you, Voltaire Q - 1 Very good question and one that is misunderstood by many. first and foremost, never invest or write CC's on any stock that you would not mind owning. AS FOR CONTRACTS - one of the biggest misconceptions in Call writing - With the one exception of having a price that you can at least write one contract and or be able to invest the entire amount in your writing effort, it does not matter. Why? Because it is PERCENTAGE of RETURN that interest us, not number of contracts. Think about it, a 10% return on $10,000 is still ten percent whether it be 1 contract consisting of 100 shares of a stock @ $100 per share or 10 contracts of a stock at $10. So you see, the key is ROI ( Return On investment). Q -2 No, never just go after the highest return, we always look to get the most equitable return. There is no way to totally describe equitable return but to say it consist of, monetary income, psychological income, etc. etc. So the answer to investing half is yes, and the answer to the second part is no. REMEMBER, we want income and a better quality of life with as little stress and worry as possible. For Income, I prefer writing at or as close to the money as possible. When having to choose, I always go a smidge above rather than below. Q -3 That is the beauty of Call writing, it gives you the flexibility to choose. You may need a little more money for the finer things in life such as the down payment on a home, a car, home improvement etc. See how the extra income would start changing you life? You could actually say well I think I will take my 1,000 shares of QCOM if you had that many and although it would appear to be less than month to month, write a Leap for your annual salary up front for say $65 or SALARY UP FRONT OF $65,000. Not bad uh? Q - 4 Remember, in the Income and no stress program- WE REALLY DON'T GIVE A DAMN. We are after a percentage of return of both money and life quality. Writing calls is your next employer but you don't have to pay FICA, FUTU, SUTA and MED taxes. Now having said that, this CALL OUT CRAP is about 98% bullshit, I have written hundreds and hundreds of calls and never been called. Just ask coonaz. Sure, technically you could get called but so what, we find another or write the same damn company. Remember what I told you in Q -1, it is not number of shares or price but ROI. If the stock is higher, so will be the calls we write. Keep that in mind, RETURN, RETURN, RETURN. Not only that we can roll out but we will save that for another night or THE LIFE and TIMES of the BEANO FAMILIY. Q-5 Again, remember we are into Writing calls, enjoying life, and reducing stress. YOU DO AS YOU WISH. Q-6 YESSSSSSSSSSSSSSSS! No, no, just teasing, I love the way you laid it out for me, that makes less typing on my part. THAT IS WHY I HAVE ASKED THE BEANO FAMILY TO ALLOW US TO OBSERVE. Thanks, Voltaire