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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (39332)	2/15/2001 5:13:29 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> For example, with QCOM at about 85 you could sell the '02 LEAPS 60 Calls for $35 I don't think that's the solution ggamer was looking for. Since he is very bullish on qcom, he would view selling it for a net of 95, with the stock deliverable 10 months from now, as a bad deal. I would too. uf

To: BDR who wrote (39332)	2/15/2001 5:14:56 PM
From: ggamer	Read Replies (1) \| Respond to of 54805

Hmmmm, thanks for the input but I really wanted to take some money out of the market specially out of QCOM. This gorilla makes up about 75% of my portfolio and it has been like this for the past year and half. QCOM, Multiple Flavored Toll Gates to 3G Spinco, Multiple Flavored Engines to 3G BREW, Multiple Flavored Windows to 3G Asians, Multiple Flavored Plastics to 3G ERIC, Multiple Flavored Antennas to 3G Nokia, Naked and Left Behind in 2G and looking for GPRS/EDGE for some much needed heat

To: BDR who wrote (39332)	2/16/2001 11:11:07 AM
From: Dr. Id	Read Replies (1) \| Respond to of 54805

For example, with QCOM at about 85 you could sell the '02 LEAPS 60 Calls for $35 or the '03 LEAPS 70 Calls for $34. That is cash in your account now. You don't have pay tax on that until the LEAPS either expire worthless or are exercised in 1/02 or 1/03 respectively. Actually, you could do this to lock in a long term gain prior to the one year holding period. However, I believe that it's against the IRS rules to sell covered calls more than a strike price below the current price and claim the tax advantage. At least that's according to my accountant. Though he also says that it's highly unlikely that the IRS would ever catch it. Dr.Id@shouldhavedoneitwithallofmystocksayearago.com