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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Tommy Dorsey who wrote (20921)	6/8/1999 3:31:00 PM
From: Gottfried	Read Replies (1) \| Respond to of 34811

Tom, I just read the options chapter. The car insurance analogy helps. Thanks for the prodding. :) Gottfried

To: Tommy Dorsey who wrote (20921)	6/8/1999 3:55:00 PM
From: sherry	Read Replies (1) \| Respond to of 34811

Tom....Didn't get in on this contest but will try to on the next one. If I do get into the next contest, I want to make my picks "by the book" and see how they fare. Sherry

To: Tommy Dorsey who wrote (20921)	6/23/1999 11:12:00 AM
From: sherry	Read Replies (3) \| Respond to of 34811

Tom....I did it! I did it! I read the chapter in your book on options. And the one on commodities.... I agree with your approach of coming back to essential definitions whenever the mind becomes muddled with the various option strategies. But it will definitely take a few re-reads of the chapter before the body of information is my own. Re-reads are necessary not because of the presentation but just because it takes time..... You did well to discuss the concept of overleverage. Without your warning, I might have thought that an alternative to a $5000 investment in stocks, one should consider a purchase of $5000 in options. But the alternative is not dollar for dollar but stock for stock. Rather than buy 300 shares of stock, consider 3 options contracts. Goal I have set for myself: By the end of the year, participate in at least one options trade....I'm taking it slow.... Sherry