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To: imaluckylady who wrote (9526)3/28/2000 6:38:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 35685
 
on Gstrings and ball/chain... use clips
all the Gstrings in my BMW glovebox have clips on them

a quick note on today's NazComp behavior
unusually low volume today with 1.4 billion shares
so the downmove is earmarked by lessened money flow
when Naz perks up, Q screams like a horny gorilla who has overslept

in afterhours, QCOM is eeking out new highs
wont say this is significant,
.. since you know how irrelevant I consider afterbirth trading to be
I saw a 158 print pass by
if nothing else, it means tomorrow we head toward 160, maybe past 160

upon any pullback under 150, I am buying inmoney April calls
you guys can sell QCalls willynilly all you want
I will be gaining 40-140% on these contracts in four weeks
I see 165-180 coming really soon on a peak by early May

as an alternative to selling calls amidst explosive QCOM breakout, pull some cash from margin

writing covered calls to me is like stealing a wheel off your vehicle
if the stock maintains its climb, the loss from the buyback will be compensated by its own regrowth of that wheel

pulling margin cash to me is like working a home equity line of credit
if the stock maintains its climb, the loan from the margin cash withdrawal will be compensated by a few weeks more travel by the vehicle

margin cash pulls have the advantage of no losses on the books against only minimal interest charges (under 1% per month)
interest charges pale by comparison to booked losses on covered call buybacks

I reserve this margin approach to screaming giants
covered calls are fantastic for all but these ascending giants
/ Jim