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

To: ANANT who wrote (3115)	8/3/1998 3:28:00 AM
From: Jake0302	Read Replies (1) \| Respond to of 11568

ANANT - thanks - I guess the more important part is buying LEAPS on the right stock. In-, near-, or out- of the money LEAPS on CSCO, MSFT or WCOM would have been winners either way. Congrats. I do like the Jan 2001 LEAPS idea. I have been implementing a 1998 investment strategy of buying long term holdings from the Money 30 index (www.money.com/money30), including HD, MSFT, CSCO and the Wired 40 index (stocks.wired.com), including YHOO, AOL, WCOM, LU, DELL and others. I am up 50% on some of them. I think I am going to complete my 1998 strategy, since I have the cash left to complete my projected buys in Sept, Oct, Nov, and Dec. (Taking Aug off due to volatility, and a trip to Europe with my girlfriend.) Buy, in Jan 99, by which time we could be in a recession or correction, or at least continuted volatility, I am thinking about something along the following lines. Take the best performing stocks from my portfolio, which I follow anyway. CSCO, MSFT, WCOM, LU, DELL, ATI, SAP. These are gorillas, according to the lastest investing term: Stocks that sit on top of their sectors with a lot of strength. Wait for big dips in the market... and buy Jan 2001 LEAPS. Up to 6/99, that gives me over 18 months of holding time for tax purposes. And enough time premium to ride out any major market storms. What do you think? (I must credit Ibexx with this idea. For his thoughts on it do a full text search for ibexx and leaps.) (BTW, I WON a yearly SI membership! Wooo hooo!)