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

To: Uncle Frank who wrote (42292)	4/30/2001 12:00:51 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 54805

UF, >> Does it work in 30% up, 60% down environment? >One of the basic elements required to be a long term investor is optimism. If you've lost that and feel we will continue > the pattern of the last year, your best choice is not stocks, bonds, or even treasury notes. You should be putting your >money into gold, guns, and canned goods. But I think WG was predicting reduced returns, not Armageddon. Sorry to disappoint you, but I mixed up the percentages. It should have been 60% up, 30% down which leads to 12% annual returns. :-))) :-P Now I don't have to repeat the question - covered calls don't work in this scenario, since you are called away on the rise and don't recoup much on the fall. Jurgis - percentages'r'us