Never, never, never, never, never, never, never, never, never, never, never, never, never take a long position in options, it's only a sucker's bet... okay, we've all done it once along the way, but only as a hard lesson and a learning experience..... you can see why there was that stipulation in the GZ Fund contracts, both of them, that I would never take a net long position in options... I would have to have my head examined if I did..... this is not to disparage Chip's long call position, he's a savvy fellow and a great person to know, a rare and fine gentleman, but now that he sees how useless long option positions really are, I don't think he'll ever do that again.....
GZ |
