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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth R Miller who wrote (12601)	1/3/1998 7:19:00 AM
From: JLC	Read Replies (1) \| Respond to of 97611

Ken, Do you live in the Akron/Canton area of Ohio?

To: Kenneth R Miller who wrote (12601)	1/3/1998 9:26:00 AM
From: Douglas Rushkoff	Read Replies (1) \| Respond to of 97611

Kenneth -- It breaks my heart to hear you're on a fixed income of 20gs, yet haved moved 200m over the past two years and only broken even. And over those past two years of incredible rises? Although I've fared a bit better with less money and transactions, I gave up trading this month and turned my money over to a broker. It's a fun hobby and I look forward to writing about it in a novel, but it wasn't worth what my foolishness was costing me in dollars! I only post this because you say "any more suggestions welcomed." My suggestion would be to find a good broker. You should be able to double your money every two or three years. But you'd need to find a different hobby.

To: Kenneth R Miller who wrote (12601)	1/4/1998 1:23:00 PM
From: Dulane U. Ponder	Read Replies (1) \| Respond to of 97611

Ken, I'm just catching up to the thread after taking a day off so you've probaly gotten lots of good advice already on your post. But anyway .. I think it's always good to have more than one brokerage account. I have three. Maybe I'm paranoid but I like the idea of "the left hand not knowing what the right hand is doing." I''m sorry you didn't do well over the last 2 years. That's really too bad. Sometimes trading can leave you out in the cold. You might do better just buying stock to hold for say 2-3 years or whatever suits your financial needs and then add a little bit to that stock over time when you get a good chance. If you do trade I suggest putting aside some of the profits on your money-making trades and not reinvesting all in the next trade. You could use some of those profits to add to a long term position. I hope you have good luck this year!

To: Kenneth R Miller who wrote (12601)	1/5/1998 1:00:00 AM
From: Night Writer	Respond to of 97611

Kenneth, From your question, I highly recommend you back track on the posts and get steve's recommended information on option trading. (steve, maybe you would be kind enough to repeat this post.) Study it before making any option transactions. I have been studing the option market for about three months now, and it is very interesting. My broker got me into the option market several years ago. I now find he kept my option transactions simple and conservative. Thank goodness! He is very willing to support more complex transactions that limit my potential losses, but also reduce my potential profits. In fact, he is excited by it because there are few people trading options that take the time to really learn anything about them. (plus he makes more commission. I'm not foolish yet!) He has been my broker for 20 years next April. Make no mistake, you can lose money. For example, I had 200 shares of Compaq put to me at $75 the Thursday before the Monday Asian Flu adjustment in October. They were not due to expire until November. You have to have the capital to cover if this happens. Will email you some thoughs. NW