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Strategies & Market Trends : Options

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To: RocketMan who wrote (7337)5/4/2000 2:14:00 PM
From: edamo  Read Replies (5) of 8096
 
rocketman...

apology not necessary...my position was not an "ego" thing as many post, but a reaction to many pm's from those who "gambled" and lost....

this is serious, it's about individual life savings, about people who had everything in calls, and lost all as the market collapsed....

as far as j+p....they are a bit disingenuous at times as the establishment of the oft quoted "mother hen" position entails responsibility...if you attempt to lead, teach, whatever, please understand that people may follow...and at times off a cliff...

g+k is a game, it's not real...no more then dogs of the dow...a very dangerous game...do you think the trading floor is waiting for a tornado,bowling alley, whatever???

refer to the great "uncle frank"....qcom 2000 in 2000...and people followed this logic....ask jill how she got into trouble....by keeping the ltb+h mindset and used a parabolic gain to leverage...the strategies used together can be fatal....

all at this moment is a real "gamble".....a little knowledge is fatal....look at the past few days...comments on strong ta on the nas....candlesticks on ntap and gmst....what happened?

nas hitting higher lows on higher volume is a warning sign...institutional distribution, sucking the naive knights of uncle's round table in a bit deeper...look for a high volume breakout....until then exercise caution....
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