Came across this in the 3/14 issue of threadtalk (wanted to see what they were writing about at the top
Bulls on the thread are confident. Sowbug wrote on March 3...
Sold a bunch of 175 Jan 2001 puts earlier in the week at $71. Hello? Will CMGI be higher than $175 in 10 months? Will my puts expire worthless? (These are all rhetorical questions.)
Paulh commented the following day...
I'm proof that you don't have to be too smart to make a lot of money. You've just got to be heavily invested in CMGI. Investing really is simple.
ZenWarrior counted the spoils of being a bull, especially a CMGI bull...
Can't believe I've come this far from just $4,500 15 months ago. Now at $2.25 mil+, and I've taken out a whole lot too! :-) Let's Rock! ...I want to see 4-5 mil before April 17 when the taxman/woman raids my hoard!
siliconinvestor.com
ZenWarriors comment caught my eye and I looked at his profile and the following stood out
I was basically overly aggressive at exactly the wrong time... too many options, too much margin... now it's all basically history after I pay my $225k+ tax bill and make a small down payment on my new home. Oh well... I'm actually very fortunate... only had $4,500 16 months ago, and then turned that into an Audi A4, bigscreen TV, $5k in exercise equipment, $50k+ in cash, $6k in DJ equipment, furniture, etc., etc... and a house downpayment... and a nice tax free year or 2 or 10 ahead of me (thank you trader status & mark to market accounting). :-) All is well. Wish I still had $2.25 million from that $4,500, but I can't think like that. I am very, very fortunate... now have more than I ever dreamed of a couple years ago. I'll either start a business or find a job I love. Many have asked me to write a book... who knows. My thoughts right now are for a business doing MS Office VBA macros, data processing, etc... eventually web enablement and the whole works. Any suggestions welcome: zen_warrior@ragingbull.com
Remember... it's just money. The best things in life are free... really. Any others in pain, please read Herman Hesse's "Siddartha"... puts things into perspective.
Take care my friends,
- Zen :-)
Message 13424987
mad2
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