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Non-Tech : Bernie Schaeffer's - Option program -- Ignore unavailable to you. Want to Upgrade?

To: halfscot who wrote (190)	12/21/1997 1:59:00 PM
From: RFH	Respond to of 203

Yes, it has been. Even the put recomendations haven't done too well, except for COMS (3com) Sept 30th bought the Jan50 puts at 4 7\8 (his maximum entry price was 6), and the stock was at 51 1/4 at the time. It's trading at 18 3/8 now, but Bernie had us get out at 12 (double your money). A little bit ahead with Baker Hughes BHI Apr. 47 1/2 put, in at 7 3/8, currently at 9. It traded as low as 6 at the beginning of December. The stock is now at 47 9/16. The calls have been getting killed. It's fun, though. Sincerely, RFH

To: halfscot who wrote (190)	1/1/1998 2:39:00 AM
From: RFH	Read Replies (2) \| Respond to of 203

I have been trading some, and tracking all of Bernie's picks. His most recent include his Nov. picks, including UAL, G, AMGN, HNZ, MIR, OXY, PFE, SBUX, WCOM, KO, BKB, MSFT, DIS, BHI. For tracking purposes, I have been using the purchase of ONE option of each security, and adding a commission of $29 in, and $29 out. For these recommendations, some of which are closed, and some of which are still open, I show a profit of $1,291.00. Remember, this is on only ONE option traded. His December picks included ARC, AKL, PWJ, PNU, ED, and UNH. All of these positions are still open. Here, using the same method, I show a current loss of $136.00. I exit the trade at the closing price on the day he recommends, and I open the trade at the smaller value of his recommended entry price, or if the option is trading lower than the entry price on the day of entry, I choose the closing price. If the option does not trade down to his entry price, I ignor the trade. Any comments, questions? Sincerely, RFH