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To: Meathead who wrote (23187)	11/25/1997 3:56:00 PM
From: hpeace	Respond to of 176387

the only thing "sure" about trading options is 99% of the people who do catch on "fire" <ggg>

To: Meathead who wrote (23187)	11/25/1997 4:12:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 176387

Meat, <You should be willing to share the specificities of your methodology with us...I know I would if I had a sure fire approach.> Would you really? If everyone knew how, it would not work! <One smart thing you are doing however is selling the time value of options rather than buying them, but this in and of itself does not guarantee repeatable success.> You make it sound as if we win on everyone of our positions and I have never said that we do! But selling naked calls we are winning right at 85% in that they expire worthless or we buy them back for a profit! The short sells have been right 75% of the time! Also remember that we have been selling naked calls for about 6 years and selling short for about 3 years, and all during a great bull market! Again, we are not always right and will be the first to admit it! Believe it or not we do have to cover now and then at a loss! And DELL may be one that we will lose on, but for now we are staying with our decision! I will try to give you a over view of how we make our trading and investment decisions later on! Hank