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Politics : Ask Michael Burke

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To: Joseph G. who wrote (661)	8/22/1996 5:56:00 PM
From: Raven	of 132070

Dream on good man, I wish you nothing but the very best. For those who think education is preferrable to throwing money blindly in a pit, I suggest the following. If you would like to understand the options market, invest a few dollars in getting some outstanding educational material. The Chicago Board of Trade (CBOE) does a wonderful job For under $30 you can buy Educational software called "The options toolbox". They also have an excellent Textbook. For more advanced knowledge, you might consider buying an outstanding tape by Donald Fishback, one of the foremost options trader of our day. It is called "APPLYING VOLATILITY ANALYSIS TO OPTION TRADING...Balancing Risk, Rreward & Probability. His ideas are so wonderful that you will find use for them in evaluating stock purchurses. He gives formulas you use with EXCEL to quickly make judgements on risk. What may seem a good buy on its face, (with this technic for short term trading )reveals an oposite trade. Knowledge is power, especially in the options market. Options are not a one on one substitue for stocks. It is a tricky business. You may find the advice you are following could be improved on. However,I don't wish to rain on anyone's parade, so I'll say a fond adieu.

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