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

To: Jake0302 who wrote (3114)	8/2/1998 5:09:00 PM
From: ANANT	Read Replies (1) \| Respond to of 11568

JJW: This is based on my experience. I cannot give u any reference. It is nothing specific to 2001 or WCOM leaps. My feeling is : The "deep-in-the-meney" leaps are expensive and will behave like stocks go up or down dollar by dollar. There is nothing wrong in buying them. While others like very much "out-of-the-money" leaps in the other extreme are cheaper price-wise and have lot of leverage but more risky. So I tend to take a middle line approach to consider slightly out of the money leaps. I have followed this method with leaps of CSCO,MSFT,WCOM etc. with success. This is just my personal preference. This is a debatable subject. Some of the WCOM 30 leaps I bought them when they were out of the money and WCOM stk was at 25. Subsequently WCOM went up so much WCOM 30 leaps went up several fold. I wish I could give u a better mathematical explanation. kind rgds ANANT