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Technology Stocks : How high will Microsoft fly?
MSFT 473.99+0.4%Nov 24 3:59 PM EST
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To: Detail-MD who wrote (19806)4/10/1999 3:50:00 PM
From: taxman  Read Replies (1) of 74651
 
"My point is, don't let this propaganda [95% of options players lose] scare you. I am picking up a new Ferrari on Saturday--thanks to AOL and CMGI options."

i am posting below my correspondence with the editor of the wall street digest. thanks to options i could drive a Ferrari also but there is too much traffic here.

contunued good luck. stick with options. don't neglect the puts. i make money on them too.

regards

--- Donald Rowe <editor@wallstreetdigest.com> wrote:
> Q:[by taxman] I really appreciate your free report, "The
> 12 Investment Strategies
> of
> Every Successful Investor." However, as I tend
> to invest my capital in
> Puts
> and Calls, your Rule #10 caught my eye. Do you
> have any evidence to
> support
> your comments?
>
> (NOTE: This question refers to a paragraph in
> Don Rowe's popular
> investment
> report, "The 12 Investment Strategies of Every
> Successful Investor,"
> available via E-mail from The Wall Street
> Digest's home page. Rule #10
> states, "Never Invest In Options! 85% of the
> people purchasing options
> don't make money; 85% of options expire
> unexecuted. You can be right
> about
> the up-trend of a particular stock or a
> specific market, but a 90-day
> correction or a sideways market can create a
> net loss for you.")
>
> A: Ample research is available from the options
> industry to support this
>
> statement. Several good books have also been
> written on the subject.
> Unfortunately, most stock traders end up with a
> net loss for their
> efforts
> and give up trying to make the fortunes
> promised by the eager sellers of
>
> various trading programs.
>
>
>
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