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

To: Venkie who wrote (29891)	1/25/2001 2:40:00 PM
From: limtex	Respond to of 65232

Venkie - 100%. Post summed it up. Back to normal today NAZ down nearly 100 and Mr G on the Hill. Just like last year all over again. He must have been a bit upset that the NAZ went up a bit. Well I don't know if it was him but we were doing sort of OK until today and today he's on the Hill. I tried to listen to what he was saying. I couldn't understad 90% of it. He even has his own phraze to describe a tax cut. When I was listening he didn't say Tax Cut he described it with other language which I took to mean a tax cut. Best regards, L

To: Venkie who wrote (29891)	1/25/2001 5:37:27 PM
From: Jill	Read Replies (2) \| Respond to of 65232

Venkster, I'm poor! I'm poor! Well, whatever.... Yesterday in da room dey said if it breaks 62 it'll go to 57. Charts do inform, though context and psychology drives the direction. If I'd put in a limit for 57 and been patient I'd be happier. I STILL have to learn these lessons! As a sidenote....I'm into this cc thing now while the market is recovering. I had wanted to do a buy-write on cflo at 14 and change....poor stock had been slaughtered...anyway....calls were paying 18%. However I was persuaded out of it probably wrongly..... I did a safer buy-write on PALM, calls paying 10%. We'll see. Although buy-writing protected Scott's portfolio enormously compared to the rest of us, its obviously dangerous in a falling market (well, a falling market is dangerous period)......and would provide limited income in a crazy uptrend....but in a trading range after recovering from a bottom, it's a nice strategy