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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: JRH who wrote (25420)	5/27/2000 1:03:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> Justin, who began experimenting in call options this week for the first time :) It was a better week for puts than calls. But they're harder to understand <lol>. Have a long talk with Ares before you jump in too deep. He's eager to share his hard earned insights. uf

To: JRH who wrote (25420)	5/28/2000 11:44:00 PM
From: tekboy	Read Replies (3) \| Respond to of 54805

<<Justin, who began experimenting in call options this week for the first time>> silly rabbit, Trix are for kids! hey, at least you waited til we approached a bottom, rather than buying near the top like some schmucks I am--er, know... I bet you learn more from your experience with options than from your classes... :0) meanwhile, as one of the posterboys for bad behavior around here, let me chip in a word or two to the greybeards on behalf of the scorned newbies... First, bemoaning not selling some earlier is not the same thing as being ready to jump ship now. Even we can recognize that sunk costs are sunk. Second, it's worth stressing that the dip we've witnessed is far greater than anything we were supposed to be prepared for, so cut us some slack. For example, we commonly heard it said around here that our gorillas might--almost certainly would--tank at some point. As much as 40%, in fact, like the blessed Cisco in Sept 98. Well, it was precisely because I had heard stuff like that that I wasn't toooooo bothered when QCOM dropped from, say, 200 to 120, or GMST from 107 to 65. It was when they dropped another 50% from there that I got flustered. Nobody had told me about that second hit! Yes, the previous run-up was unprecedented as well, and yes, LTB&H is a general zen attitude that should apply to all fluctuations that don't involve fundamentals, but come on--it's not like we all started whining early on. John McCain would be bawling at this point if he were in our stocks! I suggest we settle this in a mature and rational way. For those who like hemorraging cash while experiencing unbelievable volatility, I heartily recommend the following, which I had a blast trying this weekend: www.aircombatusa.com yours in poverty, tekboy/Ares@faster,pussycat,kill,kill.org