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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (28440)11/14/1997 11:59:00 AM
From: Jerry Olson  Read Replies (3) of 58727
 
TT

Thank you for that nice sentiment...I have fond feelings for a lot of people here...Nice people all, with good intentios...yeah I feel your insightful guidence as a REAL trader has helped us all...

I got killed to TT, but will live to play another day :>}...

In August my option portfolio was between 150 & 200,000...it's been cut in half....not a pretty picture...but i can recover, i hope...

I am very confused at the moment...so preserving capital is utmost to me...i can and will live to trade another day...Esp. when I'm more confortable with the direction of this market....I think it makes good sense to take another step back...and watch and wait...

Poeple are getting whipsawed out of positions, i know it's happening, because its happened to me...

I keep feeling there's an impending doom coming from somewhere, and of course there are REAL threats out there that can and will kill this market...

TT i can remember conversing with you about the OCT effect...10 year anniversary, well it happened and i was spellbound, flatfooted and shocked I didn't play it properly...

Let me tell you my fine friend...this is not a market to be aggresively entereing till we begin to see the REAL fallout of Asia & Latin America, imo...

I can't tell you how much I enjoy your posts...Keep up the good work...

My Best to you, Jerry
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