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Strategies & Market Trends : Tech Stock Options

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To: James H. Irwin who wrote (30790)	12/10/1997 8:09:00 PM
From: MonsieurGonzo	Read Replies (1) of 58727

Jim; RE:" Reminences of a Stock Operator " I remember reading this classic when I was a teenager in the '60s. "Jesse" traded back when there were pools of investors engaging in accumulation and distribution - which was legal before the great crash. He was a tape reader; had an essentially paranoid view of the market ("they are moving Chrysler today"). Many people feel more comfortable with the illusion that they are playing some kind of game against them. "The MM's are moving Microsoft today". I suppose it is more comforting to have some paranoid illusion of manipulation, rather than to live with the notion that there is no rational order to the market. As in dreams, where all the monsters and characters are (according to Freud, at least) manifestations of YOU - I wonder if our illusions of them are really our own egos and fears -? Anyway, great old book, indeed; though sad, as he died penniless after blowing his brains out with a revolver. "Jesse" would have loved index options. -Steve

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