SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The OEX... gasp!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andy Chen who wrote (56)8/6/1996 2:39:00 AM
From: Kent Reeves   of 658
 
Andy..

I'm not exactly sure of what you're saying. But, in response, I will say this; If you're a neophyte, and I expect you are, you shouldn't be giving other newcomers advice. Your advise to a newcomer this morning to sell naked was totally absurd. That same advise would have cost him thousands if you had given it to him last week and he sold the wrong position into the strong upswing. People ask for help here and that's what you should give them. It certainly doesn't help them for you to pretend you know what you're doing and give them what is probably the worst advise imaginable. That's worse than no help at all.

We all make mistakes. And, I'm no one to brag. (I have an eraser on the end of my pencil too.) The advise I gave today I should have sent directly to Judy via e-mail rather than broadcast it. I would have, except I don't know that my new e-mail program is working properly. Re the OEX move, it is sound as I expect the market to drift down to pick off some of last week's gains. But I can't predict the market's moves any more than anyone else. We can only go on past experience and probablity. So far, I've been lucky, I got back into the options market after an eight year hiatus and have tripled my money in a month. But that luck has been based on watching the markets for thirty or so years. And, that's what I make my moves on.

I'm sure you have a good head on your shoulders. Use it wisely. Remember a full drum makes little sound.

:o)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News