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

To: Dalin who wrote (32044)	2/27/2001 3:32:05 PM
From: Nick	Respond to of 65232

They are entitled to dream as well. Meanwhile, we can dream that "they" too will throw in the towel soon and realize that the world is not coming to an end, and that tech is not dying anytime soon either. As Donnie says, fu%k 'em and let them take it to 1700 if they so desire. My shares ain't for sale at these levels.

To: Dalin who wrote (32044)	2/27/2001 5:06:00 PM
From: im a survivor	Respond to of 65232

Well, I wrote 02 leaps on alot of stuff today.....my criteria was at least a 14% premium...got as much as 30% on some stuff...and a strike price at least 100% higher then todays open. I figured, I aint sellin at the bottom...prices are too low so I dont want to do month to month writing cause I wouldnt get premiums worth a damn, and if the market rises, I want a buffer....so, I took in a half decent penny at the open and the only way i get called if all my stocks are up 100%+ in january....and IF that happens, I always have the luxury of buying em back and rewriting at a higher strike....anyway, I hate writing at a bottom, but who knows if this is a bottom...worse, I hate doing nothing.....my worst case scenario is stocks stay down and I just got some free money.....or stocks all go up 100% and I have the problem of having to either get called 100% higher or roll up to a hogher strike...a problem I wont mind having. Plus, the cash i took in will now enable me to maybe buy one or two goodies without using more margin...not a bad trade off ....looking to add maybe ssti and/or atml or sunw 03 leaps....heck maybe even more of that pos ICGE I've been trading....it sure is ripe for a good 25% gain....buy it low, sell it for 25% and repeat...only wish I had the balls to do it with a really large lot of shares, but just in case she nose dives to .25, I am doing smaller amounts <ggg>.......what do ya think of writing those leaps......got 14 - 30% upfront and strikes are all at least 100% away....all are august and jan 02 cc's....opinions anyone........and yes, i know it's best to not write at the bottom, and best to go month to month, but as explained, i wanted a decent premium with a far away strike since everything is already down so much so thought otm leaps were the ticket in this market.......but all opinions welcome.....

To: Dalin who wrote (32044)	2/27/2001 8:45:45 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

methinks erstwhile Jim Willie said "watch for Naz2150 by midMarch" in a Dec22 post and for economic bottom to be seen in late summer I see no value in the Fed forcing this destructive economic cycle upon the world every several years it only makes me start from ground zero each time since my trading only amplifies the direction we move PrezW speaks tonight GreenBum has more confidence in the economy's resilience than is due he overlooks a few key key key differences this time around: - productivity engines are being slowly ignored now - venture capitalists have shut down new plans lately - the IPO market was essential for sustaining economic growth - once momentum slows, very very difficult to restore growth - postY2K slowdown was built in, didnt need to be amplified - Winston Churchill effect is happening with consumer confidence * (fearing fear itself ==> no confidence breeds less confidence) * now I expect the economic deterioration to hit housing and real estate next today's data indicate such has already begun been expecting this first PC's, then automobiles, then housing, then congratulations to GreenShitBird let us not forget to genuflect to GreenBaldy on the way out and shut off the lights enough banter from this fool next Monday I enter the catholic convent for a new job very excited, in the laundry department / JW