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To: Larry S. who wrote (19362)2/28/1999 1:28:00 PM
From: Ron McKinnon  Read Replies (3) | Respond to of 53068
 
Larry and Tom

I'm not exactly sure what you are looking for

do you want zero downside, or is their some slippage factor that is acceptable?

what annualized upside % are you seeking?

most say one can not "time" the market but I'm not 100% sure that that is true

if one sits in cash 80%+ of the time

if one is sharp and has a solid feel for the market place

if one works at it

if one has a great deal of patience

it would seem to me that you could wait, wait, wait for all the stars to line up with 90% probability
pick your spot
jump in big time
take a % gain
go back to the cave

in January there was a blue moon; there will be one again in March; and no full moon at all in February

with my type A personality I never have nor likely never will try the about hit and run tactic

but can it be done?

maybe

thoughts?




To: Larry S. who wrote (19362)2/28/1999 1:59:00 PM
From: tom pope  Respond to of 53068
 
>>buy yahoo, write covered call(s) - I'm serious, look at the premiums. <<

Larry, great minds think alike. I do, but I write NSCP calls against part of what I have in my portfolio. Of course there is an assumption here that I haven't checked that NSCP's call have the same MIV as YHOO's. Maybe YHOO's are more expensive?(another reason to invest in a good options program.)



To: Larry S. who wrote (19362)2/28/1999 2:05:00 PM
From: tom pope  Respond to of 53068
 
STOP STOP STOP

My last post is total unadulterated gibberish - Larry wrote YHOO, I read AOL!!

Brain underload on a lazy Sunday afternoon. Too early to open a bottle of plonk, though.