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Pastimes : Ask Mohan about the Market

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To: Bonnie Bear who wrote (11109)	12/11/1997 10:47:00 PM
From: Simon	Read Replies (1) of 18056

Bonnie Bear: >> You mentioned somewhere along the line the fascination of people with options. Considering the odds of winning are about the same as a one number shot on a roulette wheel, perhaps you can play psychologist and explain the fact to me. I do an option once in a while, but only when a formation tells me a stock will move fast and big. I was going to do some puts on SLOT, but got all engrossed in a short sale trying for an up tick. The uptick rule gets a little confusing. After 20 minutes I called the broker and asked where the short was. "Still waiting for an up tick." Almost had a nervous breakdown waiting for a damn up tick. Wed, slot, presented a truly beautiful formation toward the end of the day.

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