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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: PAL who wrote (758)	1/7/2000 9:02:00 AM
From: Jill	Read Replies (3) \| Respond to of 8096

Paul, I agree. Your crumbs will be mighty tasty. On Monday I had more $ than I'd ever had, substantially more, from the Q runup on various calls. On Thursday I had about half that! However, I still have more than I had about 3 weeks ago. Now what do I make of all this: Oh well. You can't time the market. I like buying calls and I like selling puts. I did much more of the former lately, although your synthetic longs are looking appealing as a strategy once I exercise my Jan calls and up my margin capacity. I always liked edamo's reference to Warren Buffet's (I think?) description of Mr. Market. He's your manic depressive busines partner. He comes to you one day with a wildly high offer for your business, and you don't sell. He comes to you the next day with a wildly underpriced offer, and you don't sell. If you don't panic and take Mr. Market's nutso offers, you can kind of work with him. Jill