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To: Bilow who wrote (119467)	3/6/2001 12:47:17 PM
From: SouthFloridaGuy	Respond to of 164684

OT: Thank you for the clarification and great post. Indeed today's situation is a lot worse, IMO. Yes, I fully agree humans will probably never rise out of barbarism (see the quote on my profile). They say it takes two generations to unlearn the events of the past. Well here we are right now, let's see if it's true.

To: Bilow who wrote (119467)	3/6/2001 1:01:11 PM
From: 10K a day	Read Replies (1) \| Respond to of 164684

Carl. I think options are a derivative of the Greed of the houses. When you can get 5 for one leverage. and then Manipulate the underlying. What is to stop anyone. I first heard the story of the guy who frontran AOL for the big money.(whether true or not) That was the first and last story i really had to hear. I think a better alternative is a commodities trading system. with no time premium issue. you can buy options on futures. but what is the point. other than more leverage if you can manipulate the commodity.

To: Bilow who wrote (119467)	3/6/2001 1:33:38 PM
From: ChrisJP	Respond to of 164684

Thanks Bilow and NYCBoy for those posts. Chris

To: Bilow who wrote (119467)	3/6/2001 2:52:26 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 164684

The rumors of widespread 10% margin being the cause of the '29 bubble and crash were created by the brokerage industry in the aftermath of the financial destruction. The purpose behind those rumors was to give the investing public a reason to believe that the 90% price drop could never happen again. How does that square with Jesse Livermore's writings in his classic Stock Operator, where he refers to a 10% margin requirement early and often, and long before he was anything more than the "Boy Terror of the Bucket Shops"? (see p. 25)