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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (29246)10/18/2000 6:24:48 PM
From: maceng2  Read Replies (2) of 436258
 
Hi Allan,

>> I'll treating all my options plays as a pure gamble
>> and treating them as an expense.

Well done. I think it takes most option traders years to learn this truth. -vbg

Thanks, I'll be just adding that expense to that other expense I chalked up this year...my portfolio LOL!

Seriously though, my bleeding portfolio is a real Long Term investment, unless skyrocketing happens. Unbelievables comments about the 13th just helped me make up my mind. Let it crash -g-

Treating gambling as an entertainment expense is the first thing they teach you if your on the receiving side of the gambling business. In my case it was the horse racing biz.

In the case of buying poots it looks to me I'm to late to the party (as usual) as the ask's are kinda high. The clowns are tuning into this crash idea. If they all go short goodness knows what's going to happen. Volatility for sure. I do hope these guys on bubblevision act with some responsibility.

I'm bearish for the short term, so what's my strategy to get some entertainment on options?

Well... calls are kind of cheap these days, so I'm chasing some low bids looking to sell them on a bounce. If I make some money on that strategy I should be able to rise above the title of clown! Well maybe not...beginners luck is all I can expect here -g-

pearly.
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