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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (26906)	12/21/2000 10:59:53 PM
From: Voltaire	Respond to of 65232

You will be fine, just hold on. V

To: jmac who wrote (26906)	12/22/2000 1:57:08 AM
From: oldirtybastard	Respond to of 65232

ever wonder when the whole country will get to that point? you sure we're not there yet? Maybe etrade can give every Chinaman a web phone and a margin account so they can pick up the bag from all the buyers in at higher prices with nobody left they can convince to buy from them higher.

To: jmac who wrote (26906)	12/22/2000 8:11:57 AM
From: edamo	Read Replies (1) \| Respond to of 65232

jmac..."rolling down or up....running out of capital" you finally prove the point of the less then viable, but oft touted on the threads, strategy of "repairing" a long call.....a misconception of those who only understood a fast moving upward momentum market.... "repairs" can only be made by the seller, which actually increases the sellers cash and reduces the sellers cost basis....the buyer only depletes cash and increases a cost basis... hopefully a long call or put strategy will be recognized as what it is...throwing good money after bad, in a very finite instrument...