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

To: RR who wrote (28005)	8/5/2000 9:58:12 PM
From: mepci	Read Replies (1) \| Respond to of 35685

RR: I will love to learn from another master like you. Right now I strictly write covered LEAPs, mostly on Dell. As the price fell I have been buying more Dell shares, writing JOTM(just out of the money) Jan.,'03 calls. I also started covering the DOTM LEAPs for a ST profit, thus releasing the recently bought stock for sale as Dell goes up. I use very little money overall, because of LEAP proceeds and margins. I got burned before with margin liquidations because of the high leverage I used. So I am careful to always keep the equity position between 40 to 55%. Hope I will hear some comments from you soon.