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<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000>Brian,</FONT></FONT></FONT><FONT color=#000000><FONT
face=Arial><FONT size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000></FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT> </DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>If you aspire to become a
master at anything,particularly in this business-be prepared to put
in</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>many Hours of
study-especially with Gann-!! There are many aspects to trading well and
methodology</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>is one
aspect-moneymanagement/ risk control and perhaps the most difficult, but seems
the easiest</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>is the 'emotional' side -
Relax and enjoy the journey - if you don't -it will be very
expensive.</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>Preserve capital,trade
small numbers and as you grow in experience the 'leverage' effect will
reward</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000></FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2>you well for your efforts-</FONT></FONT></FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2>Take the time to check out the detail
of what you call 'BUNK' -(because there is a correlation to human</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2>nature-freakish or otherwise that
exists in the 'out of the ordinary' approaches)-keep an open mind</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2>always-Yes 90% you will discard and
the 10% you will find what works for you-the point is you will</FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT color=#000000>not have the confidence
or discipline to believe in the 10% unless you do the spade
work.</FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000></FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2>Over the years I have read many trading books and found that the 'simpler
the better' is so true.In fact</FONT></FONT></FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2>some of my earlier approaches I now
know just how good they were !!-(aah hindsight !!)</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000>regards</FONT></FONT></FONT><FONT color=#000000><FONT
face=Arial><FONT size=2></FONT></FONT></FONT></DIV>
<DIV><FONT size=2><FONT face=Arial><FONT
color=#000000></FONT></FONT></FONT><FONT color=#000000><FONT face=Arial><FONT
size=2></FONT></FONT></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial size=2>Robert</FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial size=2> </FONT></DIV>
<DIV><FONT color=#000000 face=Arial size=2></FONT> </DIV>
<DIV><FONT color=#000000 face=Arial
size=2>
</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Dec 31 00:36:35 1999
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Date: Thu, 30 Dec 1999 21:29:41 -0800
From: Ira Tunik <ist@xxxxxx>
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Subject: [RT] Re: QCOM
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Status:
If I read the options page correctly you can sell the 640 straddle for over
$155. Where are all those straddle sellers. The stock is trading at 647.
That is a 23% move. What do they say, "s--t happens". I wouldn't sell it
and there is only 3 weeks to go. Look at the time decay. Is there any one
out there looking to put away $15000 on a one lot? Boy with a 10 lot you
could almost make your year in just 3 weeks. Ira.
wong wrote:
> Hi Steven:
>
> You're right about the analyst.
>
> However, I would look at Qcom this way.
>
> If I'm holding the stock, I may liquidate the stock to take profit.
>
> But I dare not short it at this moment.
>
> By the way, I take back my comment about buying puts. I just visited the
> Dreyfeus options quote webpage and boy, Qcom options (calls and puts) are
> VERY EXPENSIVE!!!
>
> Regards,
>
> Wong
> ========================================================
> At 10:20 PM 12/30/1999 -0500, swp wrote:
> >The guy who wrote the report is 28-years old (irrelevant) and it is the
> >first report he EVER wrote. And the market took the darned thing up
> >1/3rd on a nobody. One thing though going in its favor, its P/E is no
> >where near as high as Cisco's. Also, they will no longer be making their
> >phones. They sold that to Kyocera so their margins should improve. Just
> >selling the chips and collecting royalties (and all this from a
> >technical analyst).
> >
> >---
> >Steven W. Poser, President
> >Poser Global Market Strategies Inc.
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