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Strategies & Market Trends : Ride the Tiger with CD

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To: jennifersilversun who wrote (94683)	10/11/2007 12:20:49 PM
From: koan	Read Replies (2) of 312866

Hi Jennifer. Yes. In 1987 I experienced an event that never left my mind. I shorted the 1987 crash with toyota or Honda? put options. I only bought a 1,000 at a $1 each and they went to $10. But had I bought options further out of the money which were only an 1/8th. They also went to about $10. I made $10,000, but I would have made $80,000! On a $1,000. When specualtion runs rampant, wts and options can get way way over valued. And I am trying to take advantage of that if it happens again, so I want to be positioned. If GW bombs Iraq watch gold soar and specualtion run rampant. My feeling is that all of these trading phenomena should be used for best results. One of the disagreements I have with some, is there resistance or luke warm acceptance to tools such as those like wts, trading or breakouts. Which is fine if that is what they are comfortable with. But my philosophy is different To optimize these tools and fully understand them, as I told one fellow, reluctance or luke warm acceptance is not good enough. One must embrace them. Cheers

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