Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Jeffery E. Forrest who wrote (9392)	11/18/1997 1:16:00 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 22053

<Japan rallying hard again the last I looked (UP 3.57%) > That's good, should give my Japanese Fund a lift. I dumped all my Gold Fund sometime ago at 10% loss right after the 'Australian Dumped their gold' news was out. Gold has no future with all the central banks dumping. Mang

To: Jeffery E. Forrest who wrote (9392)	11/18/1997 1:51:00 AM
From: Bob Zacks	Respond to of 22053

Japan is doing well today but the rest of the Asia/Pacific is still minus. We will have to wait and see the effect on our markets tomorrow.Europe is ralling so maybe we will follow.To early to tell because it is morning in europe now things may turn down but odds are we will rally.

To: Jeffery E. Forrest who wrote (9392)	11/18/1997 3:54:00 AM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 22053

Jeff, at least you bought them all at the right time. I bought half my puts at the wrong time, half at the right time (same time as you, almost), then dumped the whole lot at the right time, for break even. On the surface it looks like I should have made money, but the time premium disappears fast, particularly as they move into the money. It's the same as with stock options I guess. The problem with the DJX index options (the only ones I've traded) is mostly that they are really expensive to buy. On the second batch which I traded right, I made 55% profit on a 300 pt drop in the Dow! That's hard earned money! The 7400s, I bought at 7400, held for a loss, then sold when we touched 7400 again, but a full point of time value and disappeared meantime. So...I think I'm going to stick to stock options from here on out. They're much more profitable, IMO. But it was a good experience. DK