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.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (14217)	2/21/1998 12:17:00 AM
From: Bonnie Bear	Respond to of 94695

anybody playing options can hedge losses by buying stock in DLJ and JEF. When the stock market has turned into a casino, it's nice to own the house and the computers that run the statistics when you play at the tables rigged against you -ggg-

To: P.Prazeres who wrote (14217)	2/21/1998 12:04:00 PM
From: Mike McFarland	Respond to of 94695

<<aren't some of you tired of consistently losing>> I think that most if not all of us here on this thread are aware that this market is still trending up. I am sure that many of us realize a lot of it is speculative, and have taken advantage or some good plays. After all, sure Microsoft and Dell are up...but I've made 100% and 50% on two small cap plays--I'll take my return on these over the 30% the big caps are up. There are lots of things bouncing off bottoms. Sure the puts on aol, dell, msft etc have been losers, but that's a pittance. The question is whether or not we would want to hold these big momentum over-valued mega caps. Late in a bull market, I think time runs out for the big ones. There has been a window of opportunity to catch some dead cat bounces...and some real bounces in neglected issues. Now I don't know if I am conceptually right or not... but at least I am making money...even as I flush the occasional batch of worthless puts down the toilet. I was chatting with a broker at Kennedy Cabot, which is where I trade my options only--he was more than a little bit rude when he looked over my trades from last week. Sure I felt embarrassed that my puts all look like silly bets. Put MSFT, up it goes, put Dell up she soars. I wanted to tell the guy that "yeah, but my real money is with etrade...and I'm raking it in with stocks you haven't even heard of". Hope I did not sound too defensive...as long as we are all making money! Regards, Mike

To: P.Prazeres who wrote (14217)	2/22/1998 11:29:00 AM
From: yard_man	Respond to of 94695

Paulo, I haven't been consistently losing, unless losing at all means consistently losing. No offense taken at your question, though. I've had a couple of losing positions this year. But more than four winners which have outpaced the losers -- as far as absolute dollar returns. I did go through a period a year and a half ago when I lost a few thousand dollars on options and I cooled it for a while to review what I'd been doing. I'm much less likely to use them now and play them for shorter term. It's my own fault if I lose, right? I'm mostly in cash. Are you advertising for a newsletter or something? Take care. Barry