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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (392)	9/11/2000 3:18:01 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

RMBS Kick Butt too, Voltaire!!!!!!!!!!!! dealie (eom)

To: Voltaire who wrote (392)	9/11/2000 3:23:07 PM
From: CAtechTrader	Read Replies (2) \| Respond to of 65232

Some Math: The shorts trotted out a 3 week old piece by Montgomery saying QCOM MIGHT miss this quarter by $.01, QCOM down 3.25 as we speak...The market is placing a P/e on that old cent of 325X! Think about it...this is FUD at its best...I could be wrong but I smell a bear trap...325X pe on a cent "maybe" missed is a joke...QCOM itself has not warned and we know they are always up front on this sort of stuff, meantime, I believe things are moving very fast in Asia.

To: Voltaire who wrote (392)	9/11/2000 4:42:53 PM
From: im a survivor	Read Replies (2) \| Respond to of 65232

<<Yes, RMBS showing Kick ass strength today.>> I went ahead and covered 2/3 of my rmbs with Oct 90's. The other 1/3 was covered with sept 80's, but I uncovered them with the hopes of either letting it run and cover them again, or let it run, and just sit tight and hold. Honestly, I know it's against the ole beano rule of playing the casino, but I dont want to lose any of my rmbs...at least not until it'a above $150, then maybe letting some go will be ok. I do want some safety in the form of CC's however, as if RMBS does sit sideways, or goes down, at least I am getting a little something back. If it goes up, my plan is to buy these suckers back and sit tight, or roll to a higher strike and later month. With this strategy, I assume I am doing the right thing by going with otm strikes. Take a little less in premium, but more if it moves to the upside. Additionally, should not the higher strike enable me to buy back a little easier? If in Oct, RMBS is a $95 1/8 or below, I can get my calls back without losing ( I got 5 1/8 early today on the oct 90's ). If it runs like hell, I should be able to at least break even in swapping premiums...buy back the oct 90's and sell something higher and further.......... anyway, my object here is to be partly protected, but also have some leeway for an upside move. Sure wish sndk would get back to the $90's....I am kicking myself for not writing at that time or selling at that time. QCOM - sheez, I wonder if she'll ever get above $70 and stay there...oh heck, now she needs to get back above $60 again. I can't win for losing! keith@i'vebeenmoderated.com