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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: BUYandHOLD who wrote (292)	3/24/2000 4:55:00 AM
From: amic	Read Replies (1) \| Respond to of 840

Not a mistake. Welcome to the club of QQQ LEAPS investors. I stopped short-term trading and speculating a year ago (time constraint), and put a significant part of my portfolio in QQQ LEAPS (call side of course). Even with the recent correction, my returns are still way (make it W-A-Y) above what they used to be. Now all I do is wait for new QQQ LEAPS to be created, and I roll them every now and then. With the profits I buy LEAPS on gorilla stock like INTC or CSCO. Time investment: about 10 minutes a month. Returns: too obscene to report. Bonus: peace of mind and no stress related to short-term trading. The catch: tax implications, talk to your advisor. Relax, and enjoy the ride.

To: BUYandHOLD who wrote (292)	3/24/2000 6:02:00 AM
From: amic	Respond to of 840

By the way, regarding options quote. If you ever have doubts about the quotes you are getting from your provider, you can always check with one of the original source, the Chicago Board of Options Exchange itself: quote.cboe.com Note that the free quotes are delayed. A good way to get real-time info if you are not a heavy trader and have access to free RT is to put an order with your broker, they will confirm the real-time bid (or ask if you want to buy). Then cancel the trade before submitting it. IMPORTANT: options are not as liquid as stock, volumes are much lower. i.e., the "last trade" price might be quite far off the current bid level. So to look at the value of the LEAPS you own, make sure to look at the Bid (how much the best buyer is willing to pay for your options), rather than the price of the last trade. For the same reason, I'd suggest you only use limit order when buying or selling options. And again, congrats on what may be your best investment decision ever ;-) -amic