Waiting for the big Kahuna Message Board

STOCKTALK

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 : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Simon who wrote (7061)	10/24/1997 6:12:00 PM
From: William H Huebl	Read Replies (1) of 94695

Hi Simon, <Wall Street invented options for the benefit of Wall Street.> Yeah, and I realize now that my approach to options has been all wrong... my focus has been obsessive in the mechanical things like knowing the options values at the point(s) at which the stock is presumed to move to and so forth. BS - all you gotta know is which stock/index to pick, buy the option at the market, set a price for a support level a reasonable way away and then sell AT THE MARKET when you have a reasonable move. Wisht I did that today... got the right stock, the right price, the right objective but couldn't close the position fast enough today. (But the option is STILL worth over twice what I paid for it!!!} Regards, Bill

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next