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To: imaluckylady who wrote (9127)	3/24/2000 4:33:00 PM
From: J.B.C.	Read Replies (1) \| Respond to of 35685

>>... but please bare with me...<< And, you think you're lucky! QCOM broke through some serious resistance today. Hope this doesn't get away from you but there are some recovery options for you. But it is best to hang tight for right now. Jim

To: imaluckylady who wrote (9127)	3/24/2000 4:58:00 PM
From: Dealer	Respond to of 35685

That is what you need to do until you get comfortable......you might could squeeze out a little more but not worth it when you are learning....be patient.....and do what voltaire teaches you..... Later you can make advance moves with the houses money! At least you are learning safely with real money and not on paper. dealer

To: imaluckylady who wrote (9127)	3/25/2000 12:30:00 AM
From: D.B. Cooper	Read Replies (2) \| Respond to of 35685

I found this post written by Mark Peterson on the JDSU board post #4985. I thought it was worth a bookmark and would like to share. : Mark Peterson CPA Top of Form 1 Sunday, Jan 23, 2000 1:34 PM ET Reply # of 8006 Bottom of Form 1 Steve, have enjoyed your posts. Would like to take virtual license by adding a few corrolaries to your overview: So...Here are some generally established rules (50,000 foot view): 1) Don't write CC's on mo-mo tech stocks in an up market. 1.1 Don't sell CC's at low volatilities on tech stocks in an up market. 2) Generally, writing options is more profitable than buying them. 2.1 Selling options at high volatilities is more profitable than selling options at low volatilities. 2.2 Selling options at high volatilities is more profitable than buying options at high volatilities. 2.3 Buying options at low volatilities is more profitable than buying options at high volatilities. 2.4 Buying options at low volatilities is more profitable than selling options at low volatilities. 3) 90% of people who buy options, over time, lose money. 3.1 90% of people who buy options at high volatilities, over time, lose money. 3.2 90% of people who sell options at high volatilities, over time, make money. 4) Use CC's to partially hedge long position, not fully hedge them. 4.1 Rule 1: Never lose money on an investment 4.2 Rule 2: Never break the first rule Remember: 1) Writing PUTS is BULLISH. Buying calls is BULLISH. 1.1 Selling puts at high volatilities is smart. 1.2 Selling puts at low volatilities is dumb. 1.3 Buying calls at low volatilities is smart. 1.4 Buying calls at high volatilities is dumb. 2) Writing CALLS is bearish. Buying puts is BEARISH. 2.1 Selling calls at high volatilities is smart. 2.2 Selling calls at low volatilities is dumb. 2.3 Buying puts at low volatilities is smart. 2.4 Buying puts at high volatilities is dumb. Mark Peterson Good luck Don