Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Jdaasoc who wrote (26394)	2/3/2002 8:44:59 AM
From: Steve Lee	Read Replies (1) of 99280

"You still holding all those long PUTs for FEB and Mar wishing the market down." Mainly written off a while back but some now have value again - WEBX, KKD nearly. Others already expired worthless. I let Al make most of my decisions now and most trading is done on NDX futures. I conceed the put buying episode was a failure. I don't take a postition then wish the market to follow it. I make a decision which way I think the market will go, then take positions accordingly. Options are speculative and not particularly suited to trading due to low liquidity/high spread so cutting losses isn't a very effective way out. BTW, Y u ask? "By the way, I am not posting from a broken down Win95 server for your info" I would hope not. Your Win95 server needs all its resources for other things <vbg>.

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