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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (9216)11/5/1997 9:48:00 PM
From: Bilow  Read Replies (1) of 94695
 
I see what you are saying, and I believe that it is true. That is
at least partly why I always either place a limit order well in
advance of the underlying security price move, or just buy
at the ask, sell at the bid.

In other words, I am in violation of Ferengi rule of acquistion
#3 "Never pay more for an acquisition than you have to."
as well as :
#141 Only fools pay retail.

But the market maker does have to buy my options when
I offer them at the bid, so I have a guaranteed trade.

I don't have a TV, so I only get to watch these shows when
I'm on business out of town or visiting relatives. But I bought
the Ferengi Legends book, and it has better stock market
advice than a lot of other books I've bought over the years.

-- Carl
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