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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (14067)	1/9/1999 10:26:00 PM
From: Jake0302	Read Replies (2) \| Respond to of 74651

I still am a very inexperienced investor, so take this FWIW... I hold what I have in my core port build around picks from the Money 30 and Wired 40 indexes. I am actually considering dropping BRKB and SAP, which are two picks I made out of the discipline, and which, alas, have underperformed. I'm definitely considering dropping my SAP, which just disappointed on earnings. Now, I also have a friend who works at a local auto plant - buddy from high school. He made 60k at his job last year. He made 140k trading options. So, this is the year I get into options. I am following the recommendations from a newsletter online, the same one he uses. I have set aside an options trading "pool" of cash, and I intend to trade that pool up on the picks from that newsletter. My core portfolio from the Money 30 and Wired 40 indexes is pretty well established, and except for a quarterly amount I intend to put into it, I am not buying or selling in it. I also bought some Jan 2001 LEAPS on WCOM. I have a notional "Gorilla LEAP" strategy. I expect volatility to continue. When the broad indexes drop deeply, I intend to plough some cash from option profits into LEAPS on dominant companies in their sector: WCOM, MSFT, CSCO, DELL, maybe AOL. I'm a grad student. In the first 3 trading days of 99 I paid my tuition for the semester. I don't expect that to continue (though for next week, I do) straight up the whole year, of course. But I plan on beating the 8% interest on my loans by a good margin. I inherited some money from my mom, who passed away a few years ago. I intend to build a portfolio which will help finance a house, kid's education, etc. She was a gem.