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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: chic_hearne who wrote (113818)	6/1/2000 10:18:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1572561

Re: "As I've stated before (you must have missed it) I'm authorized for 115 call contracts and am maxed out. I'm only authorized to buy puts, not to sell them (yet)..... How can a 23 year old punk go from being a novice with no experience to being an expert with 5 years of experience in 3 months?" I guess I did miss it. You're light years ahead of where I was at 23. Best of luck to you. EP

To: chic_hearne who wrote (113818)	6/1/2000 10:49:00 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1572561

Chic, OT Speaking of Option authorizations, I just found out that the lame DLJ Direct doesn't allow the buying and selling of calls in an IRA account, only covered calls. I guess I will have to move my account. Any suggestions for a more flexible discount brokers? Joe

To: chic_hearne who wrote (113818)	6/1/2000 11:20:00 PM
From: kash johal	Read Replies (1) \| Respond to of 1572561

Chic, re: 23 and retirement. I commend you on your balls to the wall strategy. When I was 23 I had no idea about stocks and investments (and that wasn't THAT long ago - i'm only 42). For most people your strategy is INSANE, but at your age and as long as you are prepared to lose everything - its a great strategy. BTW- I suspect the $$$ number you have in mind for retirement is WAY too low. But i still commend you on your approach. regards, Kash