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To: abuelita who wrote (33842)11/30/2000 6:46:07 AM
From: Poet  Respond to of 35685
 
Hi Rose,

Personally I wouldn't hold long term options here, as a number of elements seem to be converging which portend a slowing economy and dramatically slowing tech sector. It's emotionally difficult to even hold shares long through periods like this, but certainly not naive. Something you can do if you want to hold stock through times like this (generally downtrending and very volatile) is to write covered calls on your shares during relief rallies. You'll collect premium and reduce the cost basis of your shares. And you know who to ask for friendly guidance on that one. <gg>

To be perfectly honest, I'm not a market expert by any stretch of the imagination. I was diligent enough to recognize an oncoming freight train weeks ago and figured out how to benefit from it. We can only struggle through this together.