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

To: walkman_99 who wrote (30492)	8/24/2000 11:06:25 PM
From: adairm	Read Replies (1) \| Respond to of 35685

Walkman: Thanks for the concern. I'm heavily invested in the gorillas with both stock and LEAPS. You had said that your strategy with respect to Q depended upon the strike price. I guess you wanted to know if it was ITM or not. Naturally, I wish I had sold them on the opening tick of 2000! Who knew? But I like the company, the technology, and it's prospects. Sometime around March of 2001, it will be decision time. That's when the '02 LEAPS will revert to being ordinary options, and the time value start to decay in earnest. So, for now, I'm waiting. I only recently joined SI and began posting, but I've been lurking for 2 years. I've read virtually every post on the G&K Candidates thread. (I'd read The Gorilla Game before the thread even existed.) I like to read this thread because of Volty's concepts of making your stock portfolio also provide a monthly cash flow. He likes covered calls. I like naked puts. The risk profile of the two strategies are very similiar. I like to buy and hold the great stocks for long term appreciation. As my core portfolio grows, it's also nice to be able to get it to generate some cash. Most of the stocks I buy don't pay dividends, or minimal dividends at best. A strategy of CCs or NPs allows one take some cash out of the markets without depleting one's capital. Cheers! Adairm