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To: Voltaire who wrote (9390)	3/27/2000 5:11:00 PM
From: im a survivor	Respond to of 35685

<<A good example of this is RNWK, >> Would you cover RNWK right now...and if so, what do you like. I looked at the april 70's, 75's and 80's, but can't say I liked the premiums too much so I ended up doing nothing. Thanks, have a great night Keith

To: Voltaire who wrote (9390)	3/27/2000 7:34:00 PM
From: Clappy	Read Replies (1) \| Respond to of 35685

Hi Voltaire, I was wondering if you ever get feelings on which sectors are soon to move? I've begun to feel as if we have reached a saturation point where investors have begun to say, "So what's next?" We had an incredible winter where the Naz ran like crazy from October to January. It stalled, ran some more and stalled again. Investors have studied countless numbers of new technologies and niches. After a while the buzz becomes common place. We expect great news coming out of our gorilla stocks. We now want mind blowing details! Have we reached a limit where it will take a long period of cooling off until we begin to see giant moves like we did this past winter? Or am I beginning to get sucked into the trap set by the houses? Something tells me, I must be getting sucked into the trap. Usually when I begin to feel down about the market, it soon begins it's rally. Why do I feel as if the houses and mutual funds are nearly finished buying into the weakness? Is it because QCOM is beginning to move again? Because Yahoo and some of the Internet Blue Chips are beginning to build prior to the earnings season race? Lately, I feel like I've been watching that weird Olympic bicycle race that takes place on the ramped oval track. The one where the racers start out going very, very, slow. Almost completely stopped. They try to get the other to jump the gun. Then all of a sudden, BAM! They begin sprinting, and pumping, and wheeling all the way around the rest of the track to the finish line. Do you think we are almost ready to race? ...or am I just too used to the fast pace we have been seeing for the last few months? Thanks for your opinion. -ClappyTheStudent

To: Voltaire who wrote (9390)	3/27/2000 9:09:00 PM
From: Jill	Read Replies (4) \| Respond to of 35685

Volty, steve mamus reports on my thread that Greenscum wants to raise .50 in May. Why don't they relocate Greenscum to some other planet??????? he's got a vendetta against the NAZ.

To: Voltaire who wrote (9390)	3/28/2000 7:57:00 AM
From: Percival 917	Read Replies (1) \| Respond to of 35685

Morning Tom, I look for a pop in RNWK. A major analyst just came out with a buy recommendation and a $150/share target. Looks like this might be a good candidate to roll up and out of. Do you agree? Also, don't know if the thread is watching LHSP but they have a proprietary voice software developed and this AM is was announced that they are buying out their biggest rival, Dragon Systems. The stock has popped up almost $20 in the premarket. Later, Joel

To: Voltaire who wrote (9390)	3/28/2000 8:48:00 AM
From: Pescador7	Respond to of 35685

Voltaire... Hi, I have been lurking for a while and have read all your stories on CC writing. I believe I understand the basics and I have even began to dabble using ELON as the vehicle. I do however have a question for you. My question surrounds the additional one third gain that you mention is attainable if the stock you wrote CCs on shoots upward. To illustrate I would like to use my example. About a week ago I bought 1000 shares of ELON at $98. I immediately wrote the April 100s and collected $13. I realize the stock is now down from were I bought it so your 1/3 extra doesn't apply yet. However, for discussion purposes let's assume the stock shoots up to 120 today. In this scenario, you recommend to sell my shares today and pocket $120K (gain of $22K = 120K-98K on stock alone). The April 100s I sold will promptly move to approx $34. I am assuming a time value of approx $14 maintained since lot's of time left to expiration. OK if I am correct in my thinking so far, I now have $22K gain because of my stock and a paper loss of $34-$13K = $21K. However at this point I have not rebought my call because of the high time premium. I will now sit quitely waiting until April expiration holding my naked calls. Let's assume that on expiration ELON is still at 120. The time premium has now deteriorated to 0 and my calls are now worth $20. I buy back at this price. My net net therefore of this transaction is a gain of $22K on the stock and a loss of $13K-20K = 7K on the call for a total gain of $15K for the month. Here is my question....If I didn't bother to sell my stock at 120 wouldn't I get the same results? I would simply get called out at 100. I would make a gain of $2K = $100-98K on the stock and keep my original $13K on the CC write. Net net would be $2 + $13 = $15K. I am failing to grasp the additional 1/3 you speak about. I realize that this is the most subtle part of your strategy but I am willing to bet there are others who also still do not grasp this point. Any additional clarification using my example above would help. Thanks in advance.....Pescador