PSIX up 26.5%, Takeover(?) Message Board

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Technology Stocks : PSIX up 26.5%, Takeover(?)

PSIX 62.80

+5.8%

2:01 PM EST

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To: wtett who wrote (2235)	3/26/1998 1:00:00 AM
From: Cochabamba	of 5650

Curtis & Bob, It's great to see people make money in options but WTETT is right! The only way to trade options in on the options floor, every now and then I see people make money but 9 of 10 lose. Since we're on this subject let me share a TRUE story. A customer of our firm deposited $70,000.00 and bought some options, a couple of days later this had grown to approx $250,000 and he sold out. another couple of days past by and he got back into the same options next thing you know his position was worth $2,250,000, as the market started to turn against him he did not close out his position and did not use stops to protect his profit. To make a long story short he walked away with $6,000.00 He went from Mr. Lucky to millionaire to dumb guy in about 2 weeks. Can Anybody Say OUCH !! Good Trading, Cochabamba

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