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Strategies & Market Trends : Canadian Options

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To: notredame who wrote (890)	3/18/1998 7:10:00 PM
From: Porter Davis	Read Replies (3) of 1598

>>Porter, I imagine you must be ready to retire now with BLD Chew on this...in the last two days I have lost $39,000 in Ballard. I always have avoided mentioning specific figures, but I can't let this comment go. I would imagine that about $10K was due to bad decisions, and the rest came from having to take the other side of order flow and not being able to hedge. I mean, how the hell can you hedge $1.00 puts on a $185 stock that moves 20 bucks a day? If this job were as easy as all you seem to think, the place would be so crowded you couldn't move. On the upside, I can still go to work tomorrow, which is really the only thing that matters... Happy trading. Porter

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