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To: Robert McHale who wrote (21480)7/29/1999 11:31:00 PM
From: Terry Whitman  Respond to of 99985
 
>Newbys reading the thread may go out and attempt to earn their "island" on the short side.

One thing I have learned is that you can loose long or short.<

Spoken like a true veteran. <g> There is an old market saying that goes- Bulls make money, bears make money, pigs get slaughtered.

Greed can work in both directions to defeat you. Greed, and a failure to admit you're wrong (ego) have been the downfall of many. I have learned these things the hard way, as will most everyone eventually.

Regards,
TW



To: Robert McHale who wrote (21480)7/30/1999 7:59:00 AM
From: Fun-da-Mental#1  Respond to of 99985
 
"island" on the short side...

That post sure got my attention. Reading this thread I've been thinking I'll take just a few percent of my money and buy some low puts for Dec9 or Jan0. If it starts getting too close to expiry and no crash I'll buy puts for March or whatever. The payoff of this strategy would be so large when there's a crash that I could afford to wait a long time for it, right? even years, and it would still pay off. Am I wrong?

Fun-da-Mental


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