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

To: Sully- who wrote (30983)	2/13/2001 12:08:49 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

From Greenie's prepared testimony: federalreserve.gov "Moreover, although recent short-term business profits have softened considerably, most corporate managers appear not to have altered to any appreciable extent their long-standing optimism about the future returns from using new technology. A recent survey of purchasing managers suggests that the wave of new on- line business-to-business activities is far from cresting. Corporate managers more generally, rightly or wrongly, appear to remain remarkably sanguine about the potential for innovations to continue to enhance productivity and profits. At least this is what is gleaned from the projections of equity analysts, who, one must presume, obtain most of their insights from corporate managers. According to one prominent survey, the three- to five-year average earnings projections of more than a thousand analysts, though exhibiting some signs of diminishing in recent months, have generally held firm at a very high level. Such expectations, should they persist, bode well for continued strength in capital accumulation and sustained elevated growth of structural productivity over the longer term." Ö¿Ö

To: Sully- who wrote (30983)	2/13/2001 12:57:15 PM
From: im a survivor	Respond to of 65232

<<All I can say Keith is...... see QCOM>> Ya know, my biggest mistake was twofold....well onefold, but two things I did, had I done them differently and last year could have been an entirely different year for me....I lost faith in qcom....sold 80% of my stock at like $58, maybe a little less. Had a boatload...and I mean a boatload of 2003 qcom $60 leaps and $50 leaps that I bought at the low....but ended up selling at the low again awhile later. The $hit that I bought....rmbs, elon and etc, simply killed me. Had I done nothing, and just believed in qcom, I would be in such better financial shape it is nauseating to think about. Then to make matters worse, prior to their earnings several months ago ( not the very last one ) I sold half the stock i had left at $63......qcom ended up running to $100, back down to $70's and now back to 80's.....what did I buy when I sold half? More rmbs!, which I since have been stopped out of with a loss.......best thing I could have done is nothing....just held every qcom share....every leap and I would be sitting pretty right now and looking very good for the future....as it is, I lost the faith and the loss of faith in qcom resulted in many bad decisions. If I could go back in time, I'd go back to january last year and sell everything. If I couldn't go back that far, I wish I could at least go back to the day I lost my faith in qcom, and take back all my moves thereafter. Unfortunatly, I can't do that and must live with the consequences.....I still have a smidgeon of qcom, but I aint kidding when I say just a smidgeon......... Thanks....you make good sense.......as far as rmbs goes, the may 75's I willlet sit and see what happens for now. the stock...well at least the remaining stock I have left I was smart enough to cover....sold the jan 02 100's and got I think 11ish...or maybe it was less...maybe 9ish...hard to remember....I normally wouldnt write that far out, but I wanted that 20+% premium upfront, and a strike that was more then 100% away was ok with me to take that 100%...i figure if it does get called at $100 I am out with a profit, the premium is mine no matter what...if it doesnt get called, I still have the premium...and I always have the option of rolling up and out if rmbs takes off and gives me reason to....or I could buy calls back on these dips...heck they were like $3 to buy back the other day and I almost did....and rewrite on the pops.........anyway, again, thanks for the thoughts........sure hope jdsu gets up and makes a move after sdli is finally done, and shorts hopefully start to cover......wouldalso like to see sndk do something....I am amazed at how undervalued that sucker is.......would like sunw to move as well, but I didnt buy as many of the 03 leaps on friday as I would have liked.....they are up 25% and have explosive potential should naz and/or sunw make any kind of half ass move......was hoping to trade a few while I aquire some for a hold, as we go up and down...a move of sunw back to $34ish, should net me about 120+% on the leaps....thats why I wish to both trade and aquire....... Have a great day....hope the green holds and hope we see alot more of it.....I would love to see another move towards 3000....even if it doesnt hold.....I will lighten up a tad so I can buy these dips with more confidence...as it is I am on an anti margin rampage......margin % is currently about 20%...dont want to go any further and wish to eliminate completely on next upswing to 3000......then, I can use that 20% margin to buy some dips and feel more comfortable...as it is, even though I have plenty of buying power with equity at 80%, a buy now and further drop could cause problems and I am not going thru that $hit again....so hopefully another move to 3000.....lighten the load to zero margin and/or positive cash, then buy some bargains on the dips........For instance, had I been at zero margin, I would have taken a chance at a quick trade of ntap at $35 or below...extr under $30 and would have bout a boatload of the sunw03 35's....but with margin sitting at 20% and the possibility of naz dropping to 1500 on so many peoples lips, I felt it best to be prudent instead of greedy.... damned that qcom...wish I still had my mini boatload of stock and my larger boatload of $50 and $60 03 leaps.....ouch <ggg> ;-) Keith