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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (80894)	7/26/2001 1:24:15 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

mish, speculating on market movements is enough of a gamble, when you introduce the exponential leverage of options, it makes it lottery odds. i would dissuade most lurkers and readers from using options, other than in very, very, small doses and only when risk/reward ratios are weighted way more in the reward area. >>>I might add it is VERY VERY easy to get carried away with a few early successes. Next thing you know is that you have increase your lot size and then you lose your ass. (made a ton/lost a ton myself)??? i've had the same experience as you, got rich and gave it all back, the lure of big options gains is intoxicating as smoking on a crack pipe and just as dangerous. i really laff at people that are still on si that are regular traders that are braggin about buying calls or poots, because 99% of option players are sent to the minor leagues, if you have done well so far, consider keeping your winnings and cooling it for a while, big option wins go to your head and make you feel omnipotent, arrogance and lack of money management skills are the best components to send you to the minors.

To: mishedlo who wrote (80894)	7/26/2001 10:50:25 PM
From: JOHN W.	Read Replies (2) \| Respond to of 99985

Michael Shedlock, You wore me down. This morning I was convinced you were right. I am short. Now where are you? Please post one of your theories to make me feel better. Examples; -There is no money on the sidelines. -Japan's economy and the U.S. are the same. -Recession hell, 1929 crash and depression. -Prople will stop using PCs (typewiters and slide rules worked fine) -Go ahead and fight the FED. That is just a cliche anyway. -Real inflation is higher than the early 70S, and we will have a worst bear mkt -Interest rates have no effect on the economy. -Unemployment is the worst since the 1930S and the consumer will stop spending. -Housing mkt has already fallen. -Tax cut-no effect. -NAZ 300 this summer? -Sever outflows out of equity funds?? Come on Mish. Where are you? You don't actually have to come up with your own bearish position. Just take something from Tice, Abelson, or Flickerstink and act as if was your own.