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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Carl Fritch who wrote (1177)	1/7/1999 7:43:00 PM
From: ----------	Respond to of 2241

Hello Carl: I doubt you'll find many many here who are willing to discuss the pros / cons of specific recommendations. To do so would border on giving advice. IMO, if I , or anyone else, REALLY knew what to buy or sell, why would be working? However, you have my interest. What are the "foolish 4"? And if it is clearly hypothetical, what the heck... let 'er rip. Best Regards, Doug

To: Carl Fritch who wrote (1177)	1/8/1999 11:56:00 AM
From: Carl Fritch	Read Replies (1) \| Respond to of 2241

Thanks for responding... It appears there may not be much interest in this idea so unless I hear more positive feedback I'll forget about it....(at least in this forum) The foolish 4 is a Motley Fool's variation of the well known "dogs of the dow" strategy (http://www.fool.com/ddow/ddow.htm). It is a well know and very well proven method that averages 17% to 26% returns a year. My idea is to use the foolish four as a starting point and buy LEAPS as far out as you can get. This gives you greater potential returns than just buying the stocks and much less risk than buying short term options. If you combine that with Technical Analysis to attempt to maximize your picks I think it could be a good way to buy options with much less risk. Thanks, Carl Fritch