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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 92.96-0.9%Dec 15 3:59 PM EST

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To: P.T.Burnem who wrote (3106)10/20/1997 9:28:00 PM
From: Jojo Mosko   of 14451
 
PTB,

I know what options are. You seem to be confusing
the small amount of money you invest in gambling on the future
with the *percentage* of your investment you may lose. Imagine
buying puts for a huge amount of money before they expire
worthless. You had great luck, especially with SGI which seems
to behave _so_ erratically and I wouldn't call that prudent.
There are very few people who make money consistently
in options. In fact most lose. If your gambles work
over 50% of the time for a meaningful sample, I would like
to hear the algorithm you're using :-)
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