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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: wiz who wrote (79946)	4/21/2000 12:44:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Wiz, Most options players are basically gamblers at heart and I include myself on that list. Most of my techniques were designed to mute my natural tendency to put the money on one spin of the wheel. That being said, anyone who pays 5% for a call on an option with hours until expiration either knows that something will happen immediately or is a congenital idiot. My experience has shown that there are few actual inside traders in the world, but plenty of idiots. <g> I love Rambus puts as this co. is doomed. However, the premiums are high, so I buy very far out of the money puts. I haven't been lucky on this one in the past 6 months because the retards are parading, but they will soon have to put down their drums and sweep up behind the horses. <g> So far on the Internet, bad products, overpricing and sucky service seems to win nearly every time. Just look at AOL and Amazon. All have built on this Wintel model. <g>