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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (11363)	4/7/2000 1:11:00 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Good Morning Dealer: (all caps, OK, so I flunked grammar/spelling, that's why doctors have illegible handwriting...too many letters. I made a personal vow to restrict my alphabet to perhaps 6 letter, 2-3 vowels and 3 squiggles). I'm going to have to think through your strategy. In a previous minicrash that occured in January, I ended up selling a sizable position in qcom and bought the calls and leaps. It does give you more leverage (and no margin calls if you stick with those puppies, as opossed to stock). I have to review my past performance of going to the max, where I would keep adding to my positions and buy new stock whenever there would be an increase in valuation in my portfolio, leaving very little (if any) powder dry just in case the "fhit hits the san" (that keeps it clean for all you puritans out there). I pressed myself way beyond, and sold calls in an agressive move. hero, if it worked, goat, if it flopped. I guess when I see that line on the bottom of my positions indicating that I have so much purchase power left (via margining) it is like an invitation to go out any buy more. Well, live and learn (god, am I learning!) Best regards, David