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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (8705)	6/7/2001 10:00:31 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 52237

I only own 4 stocks, thought I had 3 the other day but I had forgot CNC because I've had it so long, ( got it real cheap to ) ; and I locked it off with puts at my covered call point when the puts got cheap. INTC I got at 19 by selling calls at @35 to reduce my cost and it isn't locked off yet, GLW @ 18.21 with calls sold at 40, Yhoo @ 11.02 with calls sold at 20. ( it's my most risky play) However I'll never buy another stock and when they are gone that's it for me except index or a sector basket. I think a person does best if they find a niche to play and just focus on what they can personally do best , ( specialize on one thing ) I like the QQQ and funds that track it both long and short. Jumping around from issue to issue causes me to lose focus. I leg into qqq out right, but maintain enough liquid to double down 4 times ( just in case my first bets go sour ) Margin is only used overnight ( until settlement ) just to swing from a QQQ long to short or the other way around and or to load up with UOPIX or USPIX while I'm closing the QQQ. I never chance a margin call. If I get almost fully invested in the funds ( very seldom ) and want out Midday, Like I sold the UOPIX day before yesterday , well I get the closing NAV so I used margin to Short her at a price I wanted , then I normally close the short at the close , but in this case I let it run , and closed it yesterday. Let's say I have X worth of QQQ and want to double down ( but not use any more cash ) That's when I swing into the 2X funds ( and at that point I can still double down again without margin, then double again if I want to chance margin over night. But that last bet had better be right. :-) I do not recommend the 2x funds to anyone who is working with scared money, and one should never get married to them. Jim