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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: robnhood who wrote (9744)	11/15/1997 3:01:00 AM
From: Bilow	Read Replies (1) \| Respond to of 94695

You are quite right, I get bid and ask confused. A stock owner has to watch the bid. A couple of jobs ago, I was offered options on shares in the company stock. It was not publicly traded, there was no market, so speculators could not have told me its worth. I came to the conclusion that the management was more than just the usual idiotic, that there was no appreciable market for its products, and that it was too small to go public. (Maybe they are on the Nasdaq BBs now.) So I threw my options paperwork in the trash, and ignored the occasional letter from their legal staff asking for me to please sign and return the agreements. It seems to me to be exciting to make money as a speculator. Its much more exciting than life as a buy and holder. It seems that every time I read a book written by traders I receive new insight (but not yet particularly profitable insight) into the strange interaction between human emotions and numbers. What a concept:: Math meets psychology. -- Carl p.s. I also occasionally confuse "call" and "put."