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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 64.96+1.3%2:58 PM EST
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To: Geoff who wrote (2301)9/10/1998 9:03:00 PM
From: md1derful  Read Replies (1) of 6439
 
Geof: Remember the option game is skewed in favor of the writers of the options and we can take advantage of that bias...buying options, outside of leaps tends to be a crap shoot and basically a waste of money with few exceptions...for example see the spectacular drop of telebras..I bought some puts to protect the position as the stock fell through the 60's..it is now 49!!!! So the hedge is working here..read up on options, they really make investing (trading) a lot of fun and for the most part profitable.
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