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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Jill who wrote (23590)4/26/2000 10:46:00 AM
From: Mike Buckley  Read Replies (2) of 54805
 
Jill,

Geez, I don't think that's true.

If you're referring to my comment that most options expire worthless, I could be wrong but I think it is true. That's not a huge criticism of options. It was made in the context of deflating tekboy's thinking that his 96% loss is a record. :) All options are either exercised or expire worthless. I'm the farthest thing from an expert on options but my understanding is that more expire than get exercised.

When you mention that you're up over 200% compared to a year ago because of options, I've also gotta think that selection of the underlying stocks have more than a lot to do with your success.

I keep track of my portfolio only on an annual basis so I don't know how it's done in the last 12 months. For those who might see your post and think options are needed to have tremendous accomplishments, my portfolio is up approximately 230% in less than 16 months. I purchased Qualcomm LEAPS only once. Their expiration date was the farthest available and their value constituted a mere 7% of my portfolio at the time of the purchase. I'd be willing to bet there are other portfolios owned by the folder participants that have outperformed mine also without using the time required to monitor and decide upon options tactics.

--Mike Buckley
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