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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: tekboy who wrote (8654)10/23/1999 10:56:00 AM
From: Uncle Frank  Read Replies (4) of 54805
 
tb, please rtfc <as in commandments> again. You're in violation of several of them at the same time.

Options take the normal risks of investing in a stock and elevate them by an order of magnitude. They are in no way part of Gorilla gaming, and are imo a form of gambling, though some who claim expertise say they attain superior results. As I see it,

Fixed income investments are for iced tea drinkers.
Mutual funds are for beer and wine drinkers.
Stocks are for whiskey drinkers.
Options are for drug addicts.

And while LEAPS may "only" be the marijuana of options, they are still capable of impairing one's judgement.

I am not trying to become a Poster Boy for Derivatives. I responded to Jean because she was having difficulty understanding the nature and value of her investment, not as an advocate of the strategy. Frankly, I'm curious how and why she acquired her LEAPS in the first place.

tb, I've got some bad habits that I'm not particularly proud of; just ask Aunt Nancy, or remind me to show you my tattoo when we meet in person. Some of our threadmates invest in a Shiny Pebble or two to satisfy their craving for action. I use options on Gorillas in the same manner.


I'd suggest you read Roth's book cover to cover before you put a single dime in derivatives.

Best regards as always,
Frank
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