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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: John Harton who wrote (9312)	3/21/2001 10:53:54 PM
From: John Harton	Read Replies (1) \| Respond to of 11051

Re: Bottom fishing, one more thought.. What does anyone think of this strategy? If one thinks we are near a long term bottom, and one has of course a well chosen shopping list, why not buy stock and sell near term slightly out of the money covered calls? If you are wrong about the bottom, you collect a premium to lower your cost(and can continue with another call upon expiration). If you are right, you would participate in at least ~10% of the first leg up in the recovery. And can then jump on the train there. I'm still looking at OEX 567 as a possible turning point, and 551 as the next lowest do or die support. -John

To: John Harton who wrote (9312)	3/21/2001 11:41:34 PM
From: smolejv@gmx.net	Respond to of 11051

re Sultans of spin ("You get a shiver in the dark" etc) I agree that from Peace, Prosperity, and Entertainment just the last item remained with Dubya. You(and I and the world) will mourn for the good ol' Bubba times - I feel heartburn starting to kick in -. >>I'm fumbling around in the dark looking for the bottom mostly.<< It's hard for me to write and even harder for anybody to read: Looks to me it will keep getting worse. Being in such a situation with your family jewels glinting somewhere in this darkness one feels like silently screaming with Rosemary (in Rosemarys baby) "I'm not dreaming, its really happening" I climbed in my younger days and even if I did not have the luck of experiencing it (my longest fly in -Z direction was maybe 10 feet) I could and still can very well feel and understand the so-called zippered fly: when you fly head down and you hear (poing poing poing ...) your pitons rip out of the wall. Talking about support levels. dj