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


To: Jim Willie CB who wrote (4037)9/27/2000 4:30:58 PM
From: Sully-  Read Replies (1) | Respond to of 65232
 
ummm.... J-dub-ul-ewe....... does he have to shave it first? :-o
<gg>

Ö¿Ö Tim@closeyoureyes&pucker.com



To: Jim Willie CB who wrote (4037)9/28/2000 7:41:22 AM
From: im a survivor  Read Replies (2) | Respond to of 65232
 
<<I have been eyeing JDSU March100 and 2002Jan100 all day long
if you lose money on either, I will kiss your ass>>

Thanks....I am debating whether to sell my JDSU shares now that they are uncovered.....and of course buy another call or 2. This would help knock out another chunk of margin.

What I've been doing in an effort to not let margin screw me, is instead of selling, I have been selling stock, but replacing with call(s). This is keeping me in the game and eliminating margin....but it worries me to be so concentrated in Calls....contracts that can expire worthless. I am out on a limb with this hoping we rebound by january. If so, I made the right moves.....my calls will do well and life will start getting better. However, if the market stays sour, which it certainly can, these calls are going to be the last nail in the coffin. At least with stock, I can ride it out. Calls, will just disappear. So, I am sacraficing leverage for the risk factor.

Hope things work out.

keith@wonderingwondering.com