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To: lurqer who wrote (17265)5/2/2000 4:11:00 PM
From: Dealer  Read Replies (1) | Respond to of 35685
 
Lurqer!

Yes we are leaving next Wednesday for the Copper Canyon trip....will certainly come back with a report.

I guess you know we are having a porch party in Atlanta June 17th and 18th. we have 32 paid that are on their way and about 4 more that say they are going that have not paid.

love,
dealer



To: lurqer who wrote (17265)5/2/2000 6:05:00 PM
From: quidditch  Read Replies (1) | Respond to of 35685
 
I tap gently on the gracious porch railing and ask to partake among lurquer and Dealer because of some compelling visions in common:

El Centro, huh, and Calex... and Mexica.., and the revolving door to the northern Baja desert, with Yuma looming in the far distance. I've frequented those parts a few times, soaring over Salton and driving over Cleveland and the pines, the wolves and the deer.

But, whoa, Baranca del Cobre, a destination of mine, as yet unfulfilled, since '91, when I started the drive up from Chihuahua when a freak March snowstorm (not so freak) turned me back.

Dealer, you taking the RR from Chih town? And what arrangements with guides and whatnot. Get down to the bottom of that canyon, and wear your boots!

I want to know.

From a lurquer, not a porcher, to catch on to the daily buzz from Voltown.

Steve



To: lurqer who wrote (17265)5/13/2000 3:18:00 PM
From: lurqer  Read Replies (4) | Respond to of 35685
 
*** Succotash (Beano +)***

Shortly after the beginning of the spring semester, my better half learned that contrary to a decades long practice, she would no longer be teaching classes this summer at a local college. To assuage her anxiety, I told her of a new (to me) technique called Beano. Thanks V.

Of course this meant I had to "get serious" about this approach. Now I've used CC for years. But the way I used them and Beano are fundamentally different. To begin with in Beano (as I understand it) one starts with the goal of stress reduction. Secondly one picks a stock (vehicle) not for the LTB&H reasons usually applied, but rather for its likelihood to provide consistent short term CC opportunities while not losing a significant portion of its value.

These criteria gave me pause. Since it's unrealistic to believe one can consistently accurately predict the market, the only way (IMO) to satisfy the first criterion was to chose a stock that I really didn't care if it was called away. Now surely I know about repair strategies, but that's not the point. The point is minimum stress. And for me (if the market is going against me) the only way to minimize that stress is to build into the situation a large "so what" factor from the beginning. So from the start, for me, a Beano stock is a stock that I would not otherwise have. Kinda curious.

One of the most serious hazards in Beano would be for the vehicle to suddenly plummet in value (and not come back). This meant to me that the vehicle should be a "good" stock with a strong upward bias. But this sounds exactly like a good LTB&H stock and that conflicts with the discussion in the previous paragraph. Moreover, in order to get large CC premiums, a highly volatile stock is needed, but this increases the likelihood that the stock's value may suddenly plummet. Clearly, there was more to Beano, than appeared on the surface.

Further reflection unraveled the multiple conundrums. First there are many good stocks that have the required upward bias, that if they fall will likely come back, and if "things change" will likely give you sufficient warning to "get out" with only a small loss. All that is needed is one of these that for some reason (maybe personal) you don't really care (other than Beano) to own. Secondly, in a year of increasing interest rates (and associated market volatility) chose a normally low volatile stock and let the market provide the volatility (and premium).

Thinking along these lines I finally decided upon the favorite stock of Bebo and Bobo's Nordic cousin, Tero Beano (of the famous Salsa Sauna Nordic Chile franchise with their "When your hot, your hot" slogan) - Nokia (NOK). As luck would have it, the vehicle was purchased at an attractive price as one of the El Zero nine (see Message 13542399 ).

Thanks again V for pointing out CC from a different perspective.

Just porchin'

lurqer