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

To: Uncle Frank who wrote (9458)	10/24/2000 3:02:13 PM
From: mtnlady	Read Replies (1) \| Respond to of 65232

Yes I thought of 'something' like that. Of course much more simplistic. My thinking was that on each up turn/downturn cycle I am buying LEAPS a little further out (either in money or time). For example last time SEBL was bumping up against it's high of 116-118 I sold some of my Jan 02' 100's and started buying Jan 02' 120's when I bought again (I am now sitting on a mixture of the two). On the next 'round trip' (i.e. I sell SEBL and buy back again) it will probably be all 120's. I have thought that instead of common - when the big one hits I could go back to the 100's but this time go 03'. The only advantage common has is that I can write calls against it (and I can use margin.. this is a mixed blessing of course.. ;-). That will have to be weighed against locking up the maximum number of shares I can. I guess the real issue is income versus growth. Being that I don't really need income right now most likely growth (ie. further out LEAPS) will win.