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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (5744)	8/31/2000 11:16:29 PM
From: tekboy	Respond to of 22706

I think there will be some blue light specials coming up when and why? ctb/A

To: Uncle Frank who wrote (5744)	9/1/2000 4:02:12 PM
From: tekboy	Read Replies (2) \| Respond to of 22706

the more I think about the strategy described in this post the more I like it. Let me see if I've got it straight: 1. Buy LEAPS calls, either ATM or OTM. 2. Let them appreciate. 3. When there has been substantial appreciation, roll out some into the same number of contracts at a higher strike (ATM or OTM) and/or later expiration. 4. Sell the remainder, take the profit off the table. it allows you to profit from continued upward movements and derivative leverage while protecting your profits. Only real downside is the need to pay ST cap gains. simple, sensible, interesting. ctb/A