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Politics : Ask Michael Burke
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To: wiz who wrote (63254)6/25/1999 1:14:00 PM
From: Knighty Tin   of 132070
 
Mark, I have lost more money on expired worthless Mu puts than on any other stock. And I'm only ahead about 3200% this cycle (the last 3 years or so) <g>. Mu is starting to push Picturetel as my all time best put stock, but I've been playing it nearly two years longer than I played Picturetel. The losses can be frustrating when you know they are not doing what they say they are doing, but the profits are so danged big each time the suckers catch on. I should be up 5000% or more because of puts I didn't buy when I knew better. For example, at the last two tops, I didn't buy the last third to fill the position because of battle fatigue. Sometimes after having a month expire worthless, I get "deer in the headlights" syndrome, even on a sure thing like MU. It is a good thing I use 90/10.
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