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Non-Tech : E*Trade (NYSE:ET)
ET 16.67-0.8%Dec 9 3:59 PM EST
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To: SLSUSMA who wrote (11822)2/18/2000 3:59:00 PM
From: BWAC  Read Replies (1) of 13953
 
<making money instead of losing it.>

Oh shut the hell up. Do you actually think that you are the only genius that has ever made money on EGRP? Bulls make money, bears make money, pigs get slaughtered.

You are absolutely full of crap. And not only have you been lingering at the trough, you are now wallowing around in the pile of crapola.

Again you spout off a risky, foolhardy strategy of buying way out of the money calls. A win or LOSE ALL play. I swear I wouldn't even say a word to you, BUT I can't because your drivel absolutely is wrong. And a wrong strategy for 99.9% of the people in EGRP or considering a buy/sell on it.

And this fixation of yours on how much money other are making or losing? What's with that?

And by the way. To refute your claim that EGRP only goes down. For every EGRP share I own, I have traded them (only long) to the tune of 80% gains already this year. Without the risk of a short position. Without the risk of getting runover by a gap up. Without the risk of options expiring worthless. Further, Covered Calls have been sold against the held positions. And they have expired worthless.

So you just go on and assume all the risk. Buy some options at 30. I'll laugh mao as the price recovers past 30, you miss the upside, and the CBOE conspires to close your options out worthless upon expiration at the 30 strike.

And have fun paying 39% on you short term cap gains from the short sells. Or are you in that tax bracket yet?
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