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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Fierro who wrote (668)	2/7/1998 12:29:00 PM
From: ----------	Respond to of 2241

Timothy: While options can be a useful tool to augment a portfolio, they have a "dark side" as well. <g> The reason I had them so long was I had bought them about 4 hours earlier at 1/4. Have you ever played roulette in a casino? Same concept. About the same chance of winning, maybe less. But sometimes a guy feels like doing something totally crazy. So here I am, the odds way against me. My number hits, & now the house is refusing to pay off the full odds on my bet. Again, I am not suggesting, implying or remotely indicating anyone should ever try such a thing. Most of the time, it is the same as lighting a match to your money. Doug