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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (4249)	10/31/2002 3:49:52 PM
From: stock leader	Read Replies (2) \| Respond to of 4710

nice ST pop for VTSS.. up over 100% off bottom. Fried shorts are always a welcome scent

To: OldAIMGuy who wrote (4249)	11/2/2002 10:18:57 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 4710

Tom I jumped in when she hit . 70 and out ( at 1.20 (too soon :-( however I picked up news she was going to get the boot from the NDX index change in Dec..along with 11 more. ---------------- I happened across an AIM book by Lichello, 3rd revised ed. I needed it in book form to be able to dissect it. AND I am dissecting it, but I've got a lot to go. --------------- One thing I'm going to try to get it to do, is WHAT/IFs in respect to selling covered calls ( at sell points ) and in a way , not to increase percentage returns so much as to build a base below the market , while maintaining the same proportions of ( cash ) .. In other words I think with what/ifs carried forward I may can sell covered calls at forward sell points so that if a stock hits a ( sell order ) it's called. In effect it will enhance the base of the pyramid, not to mention that where dividends are paid one gets a better % on the dividend because of his reduced cost. I don't think this is going to be easy, ( for me) but I'm going to try to extrapolate from his basic, Safe , control , and buy sell advice, & project it into a holding bought below market by selling covered calls at a price AIM would issue sells. ------------------------- He has a whole chapter on Money Funds, ( Cash ) this being written in 92, interest rates are nothing near as high as they were. I'm starting to keep more of my Cash in EE bonds..which can be made to work like 6 month CDs, except the rate is better ( just dropped to 3.25% ) but EEs can be traded after 6mo into HH bonds which also can be made to work similar to 6 month CD, except they are paying 4%.. publicdebt.treas.gov Even if one sells the EE in 6 mo and loses 3mo interest, it's still yields more than 182 day T Bills. The ability to trade it in on HH , & jamming in even more cash that can roll over every 6 mo at 4% is also worth a look. Like a 1000 EE cost 500.., your allowed ( after 6 mo) to trade it in on HH ( the only way to get HH's ) the caveat is that if you don't take the few dollars your EE made, you can add cash up to the next $500 HH, so in effect you can move a good bit of cash into HHs by adding the difference, as long as you trade in one EE at a time, while buying 2 HHs Being AIM forces you to keep a cash drawer, 4% in a 6 mo cash drawer looks good right now. Jim