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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%Nov 20 4:00 PM EST
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To: bobby beara who wrote (28956)10/9/1999 9:34:00 PM
From: Les H  Read Replies (1) of 99985
 
I remember getting e-mail messages from someone in an AOL chatroom in 1997 who was wiped out by that October fall. He turned $ 125,000 into $ 25,000 in three months, at first with call options at the top and then with put options at the bottom into $ 25,000. He was still trying to make it back with the options in late December when he started sending me e-mails.

I had also heard about a neighbor of a friend who was wiped out in 1987 in options as well. Lost his family and his savings as a result.
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