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

To: Jill who wrote (6091)	4/6/2000 10:15:00 AM
From: MMK	Read Replies (1) \| Respond to of 8096

Jill, I would like to tell you how much I enjoy your posts. What I appreciate the most is that you often say you just bought 1 or 2 contracts of something. I have limited myself to a small account for learning about trading options and it is hard for me to keep perspective when I read that so-and-so bought 20 contracts of this and 10 of that. My other accounts are very modest as well compared to what others here apparently have. Thanks for helping me stay grounded...holding 2 JDSU May 125 calls and 2 GBLX May 40 calls. Big time stuff lolol...but pretty nervous all the same. MMK

To: Jill who wrote (6091)	4/6/2000 10:22:00 AM
From: Tim O.	Respond to of 8096

agreed about the retest. i wouldn't be surprised if we restest the recent lows in the next two months. this market is so volatile that a lot of times if you're just patient it'll come to you. speaking of volatility, i've been lucky -- i'm fully recovered from mon/tue. also closed vulnerable short puts to play safe and bolster buying power. hopefully, i'll get another bargain shopping opp. have to say though that markets are looking pretty strong so far.

To: Jill who wrote (6091)	4/6/2000 11:35:00 AM
From: AMF	Read Replies (1) \| Respond to of 8096

Jill, Your post is right on a topic that I have been obsessing about since the market tanked. I've heard many professional money managers talk about how they saw this crash coming and got their clients out, because they had a "model" and were using charts. I feel like I have been playing blind man's buff and I need to get with it or get out. Could you, and perhaps others, post the charts they find most useful to read the market? If this has already been done ad nauseum, I will go back and read the early posts. Your point about risk also spoke to me. I realize I have been taking risks that are fine for some of the many wealthy people who frequent SI, but totally inappropriate for someone of my modest means. I'm even wondering if professional money managers could do better for me, since they would, supposedly, be disciplined and un-emotional about investing. Of course, being worked over by a CIBC broker is what brought me to SI in the first place, so maybe not...! Thanks to you and others for this generous thread, anna