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Politics : Ask Michael Burke
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To: Ilaine who wrote (59833)5/19/1999 8:26:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Coby, As the old song goes, "I have not been known, As the Saint of San Joaquin." <g> Folks who have never played options sometimes have some odd ideas about them. Even those who work at major financial institutions. My favorite is the trader at a top flight insurance co. who bought 1000 shares of stock and "covered" it by selling 1000 calls. This happened in 1982 and I still get a chuckle remembering it. <g>
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