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

To: SecularBull who wrote (7834)	5/24/2000 2:06:00 PM
From: edamo	Read Replies (2) \| Respond to of 8096

believe what remains on the thread are a bit more prudent, who realize that not even those who mistook a great bull market for personal expertise shouldn't play king knute and attempt on a daily basis to turn back the tide.... no need to hold hands, backslap, high five, cry, moan, whatever....it's about real money, a market which blew away the "i never saw a call premium i didn't like" mentality... not a long market....foolish to try to gauge a bottom as many are....breakouts as in sdli, didn't last....need a high volume confirmation of an upturn....don't get fooled by the notching pattern. don't hear much smart ass bragging about the mighty q, or gmst, elon, biotechs, whatever....tornados blew themselves out, bowling alleys empty, the knights of the round table foraging for berries.....game over.... or at least that is what i see in the "rearview mirror" bargains will abound at some point, but if you waste your capital trying to prove your expertise, then even a bargain becomes too expensive.... timing is everything in any option strategy....not so evident in a one way rising market.... guess it's really the "conspiracy of the mm's" trying to shake the little guy out.....or is it just the little guy in over his ego driven head....trying for the "ten baggers", instead of taking money off the table. if you have a penchant to gamble, you must have discipline... been there, done that loffy......this too will pass<vbg> cash is king

To: SecularBull who wrote (7834)	5/24/2000 4:30:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 8096

...Thread kind of died over here. Where is everyone?... I think several of those that liked to babble a lot and didn't care for dissenting opinions have left for threads that are more to their style. Myself, I've still got this thread bookmarked, but don't always feel a need to comment. However, to make conversation, I bought back my BBRC JUN 75 short naked calls yesterday for a net of $4K (in 10 days). Closed ADBE May 140 in 6 days for $1600 net..... should have been more patient. Since this is a new strategy for me, I'm being cautious and attentive. I still have CHKP 210, SDLI 230, and SEBL 145 for June. Tom