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

To: OldAIMGuy who wrote (4261)	11/4/2002 7:39:18 PM
From: James F. Hopkins	Respond to of 4710

Hi Tom; I still need to do a lot of work on AIM, I found the AIM url, and see they don't use it exactly the way he wrote it. Seems to build up to much cash the way the book has it, but that's no big problem for me. Heck I'm 66 and GOV bonds are over half of my nest egg I think I can look at the bonds as a cash drawer. ( Ladderd bonds has been about all I could teach my wife ) ----------- Another reason I do covered calls, is my age; she has instructions taht if I go down, what doesn't get called to just let the options expire and then sell out of stocks. ( and extend the bond ladder) She is set up as Joint owner of every thing except my IRA which has a POD stipulation in it. Her IRA is strictly laddered bonds and Cds. ---------------- By laddered I mean that when the closest batch comes due they get rolled to 10yr or where there is a hole.. right now it don't pay to ladder below 10yr as with just a bit of foot work I can stay with 6mo & make em pay more than 5yr stuff. -------------- There is a hidden interest inversion right now, and taht's not a good sign. If I can spot it so can the Big money boyz. Low rates can't force money into the market with an inversion..big bankers will leverage the 2% to high heaven; after all it's 2% risk free. ( in spite of this fantastic rally which may have legs, even strong legs will have a hard time when they get into the boggy marsh I see ahead. ----------------- I like VTSS , and would have it still except for the news it's being taken out of the NDX next month. ------------ I just did a short ( half assed study ) but it looks like there has been a trend in place with the institutions.. "rotation" out of Tech ) 20% out and into more conventional stocks in the last 6 mo, 40% from Jan 2001. The over head of Rotation is hard on the market, New money seems to be picking tech right now, but how much new money are we going to continue to see. ? -------------- I'll be a Property TAX auction tomorrow, but doubt I'll bid any of them more than 20% of their so called appraised value. What I see on the County books is part of the swamp I see in front of us, & I've looked around at the ear marks and can see this County is just one of thousands taht have hid a lot of money problems behind some creative accounting. Jim