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To: Voltaire who wrote (6791)	3/10/2000 9:00:00 PM
From: Neal davidson	Read Replies (1) \| Respond to of 35685

<<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.> Wait a sec...They both bought the stock for the same price. Therefore, to the extent that Bebo has a smaller loss, it is due to the fact that he covered and is collecting premiums. Why do you assert that his loss is smaller without regard to the premiums he collected?

To: Voltaire who wrote (6791)	3/10/2000 9:07:00 PM
From: lindelgs	Read Replies (1) \| Respond to of 35685

Voltaire- A JDSU question...I'm going to write cc's next week - is there a reason why I should write on only 1/2 of my position? Any recommendations? TIA Legs.

To: Voltaire who wrote (6791)	3/10/2000 9:26:00 PM
From: Clappy	Read Replies (2) \| Respond to of 35685

Volts, let me know if I'm following you on this... To all with questions as to if you should buy back the CC's or what if the price goes up or down... : I believe, with the method that Voltaire is prescribing, you must stop thinking about if the price of the stock as it is fluctuating. Instead, you must look at it as you taking advantage of a phenominal "guaranteed" interest rate that has never been seen up until the arrival or today's market place. If someone told you that you could become a millionaire in 6 years by starting with a mere $8,000, you would listen to every instruction, right? By simply taking advantage of the incredible CC premiums being paid recently for the high flyers, it is possible to do this. Especially if you are doing this in an IRA. By chosing a premium, each month, that is a mere 7% of your investment amount, you are soon on your way to a million dollars. If you are using the money for monthly expenses and cash flow, again you are looking at a free gift. You cannot look at this with the question of "what if the price does this or that?" You are to look at the guaranteed bucket of money you will get without sweating it out or causing unnecessary stress. With this money coming in, you are free to take gambles with the rest of the investment dollars you have (or will soon have...) With Voltaire's method, you are no longer glued to the computer monitor staring at ticker symbols and stressing as it dips a little each day. Voltaire, Am I beginning to see the light? Please correct me if there is something I'm missing. Thanks again and again. -John P.S. I still have a million more questions for you, but I think I have this one finally settled in my mind...