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

To: edamo who wrote (7142)	5/2/2000 9:55:00 AM
From: Uncle Frank	Read Replies (3) \| Respond to of 8096

Good morning, edamo. I'd suggest you have a cup of coffee and re-read my post to Ritch s-l-o-w-l-y and perhaps you'll get it. I wrote, You are jumping to conclusions, Ritch. The high and low you reference are based on actual trades, not on the low bid. It's very possible that the bid hit 1/2 on option in question but there were no takers. to which you responded, only a member of the round table would hold something from $50 to .50 in hopes that the tornado would sweep it up again... by the way...bids don't mean a thing if they are never accepted...you should know that Interesting that you start most of your pedantic posts with an insult, ed; perhaps you feel that establishes a aura of superiority which will assist you in making your point. You certainly need the help, since your writing skills would get you an "F" in any middle school in the nation. Now that I've established my "superior position", let's get on with facts. The value of a security at any given moment in time is what the market is willing to pay for it. Got it? If the bid for a derivative is $50 per contract (I'll do the math for you; that comes out to $.50/sh.) at one o'clock today, it has no relevance that the last transaction on that contract, which took place yesterday at 11AM, was for $500 per contract. Even if the $50 bid is never accepted, that was its value at 1:00PM. You should know that, ed. uf

To: edamo who wrote (7142)	5/2/2000 10:49:00 AM
From: Poet	Read Replies (3) \| Respond to of 8096

Thread: I was unable to access SI last night and have just read what went on here since late yesterday afternoon. This is a small but widely-read thread in which many of the active posters are avid defenders of their own styles of options trading. This is a good thing and is helpful to the many people who read us and who are trying to learn options trading. However, a pattern has developed where stylistic arguments degrade into personal insults, to the point where we've lost valuable thread contributors. This is disappointing to me and Jill, as we devote a fair amount of time to this thread and its members. We're asking you to stop insulting our threadmates.