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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: jim kelley who wrote (60122)	11/3/2000 1:43:54 PM
From: Jdaasoc	Respond to of 93625

Jim: how is your bond strategy working? Very well. Bonds are worth 90% cash and pay 5% and have been trending upwards in price since people started getting worried about stocks this summer. I used to play options to try and hedge against downturns in equity prices. Did anyone expect the 40-70% corrections in stocks this spring and summer. Now I just go with the flow and I don't have to worry about my capital vaporizing. I make my 2-3% a month on writing short index options. Sometimes I buy more bonds like this summer with the proceeds. I expect to reenter stocks via options, CREE RMBS,NT, JDSU and QCOM as soon as the election is over. I expect a small pullback from this high in next few days then it's upwards and onwards till of year. Wife likes the bonds in case I die, she's very risk adverse and I still get to gamble in the market. john