COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Jeffery E. Forrest who wrote (9392)	11/18/1997 3:54:00 AM
From: Dwight E. Karlsen	Read Replies (3) of 22053

Jeff, at least you bought them all at the right time. I bought half my puts at the wrong time, half at the right time (same time as you, almost), then dumped the whole lot at the right time, for break even. On the surface it looks like I should have made money, but the time premium disappears fast, particularly as they move into the money. It's the same as with stock options I guess. The problem with the DJX index options (the only ones I've traded) is mostly that they are really expensive to buy. On the second batch which I traded right, I made 55% profit on a 300 pt drop in the Dow! That's hard earned money! The 7400s, I bought at 7400, held for a loss, then sold when we touched 7400 again, but a full point of time value and disappeared meantime. So...I think I'm going to stick to stock options from here on out. They're much more profitable, IMO. But it was a good experience. DK

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