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Wong,
Good points. I know absolutely nothing about LEAPS, so I'll drag out my
book and read about them. Might be an excellent trading tool. O know with
the actual stocks, our risk is limited to what the market does. With LEAPS,
I assume you have to factor in the time dilution factor. How big a factor
is this when looking at LEAPS?
Guy
"Suppose you were an idiot... And suppose you were a member of Congress...
But I repeat myself."
-- Mark Twain
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Wong
Sent: Tuesday, November 07, 2000 2:06 PM
To: metastock@xxxxxxxxxxxxx; Metastock User Group
Subject: Re: New positions
Hi Guy:
Thanks for your various posts.
Since you're buying some of the stocks - T, Fon and Wcom for long term
basis (next 2-3 years), have you considered buying some Jan2003 leaps? (By
July or so next year, you can buy Jan2004 leaps.)
Right now I'm looking at buying some Jan2003 leaps on T.
You can get quotes on options including leaps at the Dreyfus website:
http://www.edreyfus.com/cgi-bin/dbsclient?TYPE=F3&TAG=01QUOTEquote
Regards,
Wong
At 10:45 AM 11/7/00 -0800, Guy Tann wrote:
>List,
>
>Well I should have bought CSCO down $5 when I sent my post last night.
>
>I did buy PMCS this morning down a bunch.
>
>We have also started buying T, FON and WCOM to put away for the next 2 or 3
>years. A friend of my brother who runs a hedge fund thinks this should be
a
>good trade. I really haven't done much analysis here, but I've always like
>WCOM on the cheap.
>
>Our "long-term" trades of TSM and MU are doing well. Of course we did buy
>more TSM when it was between $17.50 and $18.50. :)
>
>Guy
>
>"Suppose you were an idiot... And suppose you were a member of Congress...
>But I repeat myself."
>-- Mark Twain
>
>
>
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