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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (8624)	7/16/2002 7:10:55 AM
From: John Pitera	Read Replies (1) \| Respond to of 17639

Note to Chris... Listen to the Jorjster.... he knows where of he speaks.... I probably told him something similar at some point. Options should be used only for a few weeks every 4 months.... that's if you use them at all. Now when you create your own synthetic positions..... that's another story..... go read what Henry V has written since 1997 on the two derivatives threads. J

To: Jorj X Mckie who wrote (8624)	7/16/2002 11:38:53 AM
From: chris714	Respond to of 17639

Thanks Jorj, That has been my experience as well....The really maddening thing is that I can be soooo right on the direction... and still lose all of my investment because the timing is wrong I hate it when I hear the media talking about the first half of 2002 being the worst in history..etc.... Because I held put options on indexes that expired in March worthless!! To make matters worse I had a DJX put expire worthless in June!.....of course it would be in the money today Live and learn...I suppose Thanks for your info Chris

To: Jorj X Mckie who wrote (8624)	7/23/2002 3:17:44 PM
From: John Pitera	Read Replies (1) \| Respond to of 17639

I endorse JXM's statement. and I'm not allowed to post anything more involved online. It would be like me taking out an ad in the paper. And I have nothing to sell you. I'm actually giving some thought to retiring soon. not retiring from life but from all this financial stuff. I've gone just about as far as I can go. I suspect I'll hang around for a few more years and make a few more dollars. This summer I'm getting paid to not do anything. I'm starting to feel like the character in Remin. of a Stock Operator....... :-) ..... Now if you were me what would you tell me to study.... Latin? -g- John