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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (30787)	12/10/1997 11:00:00 AM
From: Kevin	Read Replies (4) of 58727

>>>can someone tell me what this top step is about...this came from the Camp program buy/sell website<<< I assume that they mean that they will begin using the March Futures contract as opposed to the Dec. March futures ticker is SPH8. It only has about 1/5 of the volume that the Dec contract has today, but that will change quickly over the next several days. BTW, I agree with many on your points regarding egoes. Egoes are most evident when it comes time to exit a losing position IMO. Many times a person will keep hanging on because they just won't accept that they're in a losing position and that they are not going to profit on it ever. Or maybe they can't accept that they watched a profit disappear and turn into a loss. I see it everyday and I do it myself...I have JBIL Dec 60 calls that I watched go down the drain. I kept thinking I was right...my read was right...and that it would eventually be proven. I thought wrong, and now I'm paying for my ego. But hey...at least I'm trying to learn from my mistakes <<<g>>> Adios.

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