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To: Neal davidson who wrote (6788)	3/10/2000 8:37:00 PM
From: vc21	Read Replies (1) \| Respond to of 35685

I needed Beano after rushing to buy my March 140s back. I know I know Voltaire. Never buy back. But today, there were 41 million reasons to. VC

To: Neal davidson who wrote (6788)	3/10/2000 8:38:00 PM
From: bonnuss_in_austin	Respond to of 35685

Or OTOH, what if QCOM goes up 100 pts? Isn't that WORSE? Because with CCs, you want stock to go down. Or remain stagnant. What happens then? bonnuss in austin ###

To: Neal davidson who wrote (6788)	3/10/2000 8:53:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

Hi Neal, Good question, you simply stay with quality and keep writing calls like you suggested until you have good reason to switch. The beauty is even if a stock like QCOM dropped to $85, Bobo's losses would be severe and Bebo's would only be about a third of that NOT COUNTING HIS PREMIUM, so it would be even less than a third of Bebo's loss because he was covered and he would still get something like $12,000 to $13,000 in call premium and remember, ORDINARY INCOME, no FICA, FUTA, SUTA or Med Care taxes. At some point you begin playing with the House's money because you will have gotten your stake back. Those two dreams are easily handled. This is not fantasy folks, there are too many people on this thread that I know are now doing this. Also one must remember, the alternative SUCKS, just ask Bebo who was playing the Casino and was not covered. V

To: Neal davidson who wrote (6788)	3/11/2000 11:17:00 AM
From: candide-	Read Replies (1) \| Respond to of 35685

candide-raises his hand?OH..OH..OH..Mr. Voltaire, can I try?? Neal asked "What if, after the Bebo family assumes all this additional debt, QCOM goes down to $85.00? Does Bebo simply hold the stock and keep selling CC's? That will produce monthly income, but the net worth is plummeting. When, if ever, should Bebo think about selling his QCOM stock and switching the CC strategy to another stock?" I guess they should stay with quality and confidence. If Q remains a high quality growth stock and the Beano?s are confident in its ability to perform over the long term, they should stay in. They should look at the premiums offered by Q and alternatives. If they can find something stronger, that they have more belief in, then they should have no emotional attachments to Q. They should move on over to the next winning position?. (DELL-AOL-REAL-Q-?)? If not, stay put and cover down. candide- sits back in his seat ?is that right Mr. Voltaire? C-