Options 201: Beyond Obi-Wan-Kenobe Message Board

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Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe

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To: jt101 who wrote (395)	3/13/2002 1:37:00 PM
From: David Lind	Read Replies (3) of 1064

JT101 - I am very ashamed at all the self appointed "experts" on this thread that somebody has not set you straight after your comment "For all you know, I may be wrong to be bullish on CSCO, but I am looking more at option strategies here, than the stock pick." All the options strategies and knowledge in the world will not save you if you do not have a strong opinion of the direction of the underlying stock, and complete confidence in your knowledge of TA and FA. Options have their place, for those who are extremely experienced, successful traders. For those who aren't, you are looking at the real potential of serious losses. There is a very good reason that every financial institution includes a risk clause on materials discussing options. It is to warn newbies like you to run like hell. And they are doing you a favor in saying so.

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