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Technology Stocks : Newbridge Networks

NN 17.07

+0.2%

Dec 26 9:30 AM EST

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To: micromike who wrote (2588)	12/14/1997 4:15:00 PM
From: randy kay	Read Replies (1) of 18016

Mike <you never know where the uptrend is going to start>, Not true, I will see it when it happens and so will you. As for trading options, it's probably true that 90% lose, I wouldn't be surprised. It's probably because about 90% of people who trade in general don't like to see what's staring them straight in the face. I have seen countless stocks fall and fall and people just hold and hold, same thing happens with options only you lose the whole investment. I would like to see the stats for how many people 'lose' money on stocks. ie: if you bought 100 shares of NNC at $95 you are now 'down' about 45%, about $4500. I guess some people would say the money is not 'gone', however, that is quite a bit of cash to have tied up in something that's not earning you a cent in interest. If you had bought say $300 worth of December $95 puts when NNC was at $95 they would now be worth $4500. Not a bad little return for something you refer to as a 'game'. For someone buying the stock at $95, that extra $300 'insurance' would have been a wise investment in retrospect as they would now only be down $300 as opposed to $4500. Randy

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