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To: Michael Davis who wrote (9578)	11/12/1997 10:04:00 AM
From: Patrick Slevin	Respond to of 17305

CNBC will always try to look on the bright side. Perhaps they are afraid that, if the market took a header, they would lose ratings. I've only traded full time since around 1991. I'll be 46 shortly (Why is it I love any word that includes the root word "short"?) and the way the market has been boring me to distraction I have taken it out on SS....perhaps because I am of Irish descent and telling stories is a genetic fault. So, in keeping with that, I consider myself a serious trader. I was having a discussion with a friend of mine who calls himself an 'Investor'. So I asked him, "What's the difference between a trader and an investor?" He replied, "I don't know, let me think about it for a while . . In case anyone takes that personally it was only meant as a joke.

To: Michael Davis who wrote (9578)	11/12/1997 11:59:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

Co-incidentally, on Fishback I just got this in my e-mail... Regarding his ODDS strategy, it is a sound tool. Essentially, he tells you how to calculate the probability of an option being worthless at expiration. You can get this same information from a variety of sources like McMillan's Options as a Strategic Investment. I think it is very helpful information to have, but would not trade it by itself. Fishback has some other products I believe--I just received a brochure in the past few weeks--but I believe they are based on his probability strategies. Signed, xxxxxxxx At 09:39 PM 11/11/97 +0000, xxxxxxxxxx wrote: >Does anyone have any experience with Don Fishback's option strategies? > >Is he any good or is it the usual high-priced hype? > >Thanks in advance for any help.