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

To: im a survivor who wrote (9724)	10/25/2000 11:33:37 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 65232

>> wanting to buy and knowing long term the stocks will be higher, but not being able to buy because of the short term possibility of further downside. It seems like you're focused on good, even great, stocks, but taking a pounding repeatedly due to short term market volatility. The problem is not the stocks you're choosing but the investment vehicles you're selecting. Have you considered using common stock or LEAPS instead of calls? You'd give up leverage on the upside, but it would reduce your exposure on the downside. If you know your stocks will appreciate in the long term, then match your investment vehicle to your vision. jmho, uf

To: im a survivor who wrote (9724)	10/25/2000 12:08:14 PM
From: edamo	Read Replies (1) \| Respond to of 65232

keith...valuations are relative? i wouldn't consider extr a value/fundamental play....at this level it has a pe of 476, and outstanding float of 61.6mil shares.....low float, high pe equates to less then security...moves with a great deal of volatility... i look at value more as companies in the tech sector with over a bil in sales, strong cash positions, great growth over several years, and pe's less then 40.... all else are high risk, that can offer high reward....markets as these tend to separate dreams from reality...take profits when you can in issues as extr....may give up opportunity, which you can't spend....preservation of capital is foremost....better to go to a casino for longshots,if you don't understand the risk of stocks as extr...... you at least get comp'd!!!