BORL: Time to BUY! Message Board

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Technology Stocks : BORL: Time to BUY!

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To: Neil Booth who wrote (7062)	11/3/1997 8:29:00 PM
From: Jack Gibson	Read Replies (1) of 10836

Neil and Ghasson: Without a doubt, the 80% figure is skewed because of the many hedge positions now being used by pro- fessionals and experienced amateurs. I was amazed (while reading MacMillan's excellent book on options) at the number of ways that options can be used.......as wild speculations as well as very con- servative plays. Additionally, there are a great many folks who are playing options who have absolutely no business doing so. They lose money most of the time. Frankly I have done very well with options. Being disciplined is the most difficult aspect of the options business. Also learning how to be conservative, i.e., writing options, rather than buying them; selling puts on stocks that you dont mind owning,etc. There are neat ways to make profits, and have fun doing it. LEAPS have also taken some of the risk out of options. In any event, I like them even though I lose money from time to time (like the BORL NOV calls....probably lose about 50%). I appreciate your comments and thoughtfulness. Cheers and luck, Jack Gibson

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