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

To: Mike Gordon who wrote (22892)	3/21/1998 9:05:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 97611

Mike; What I kept telling them on the AOL, thread they would short and put in buy stops, and as soon as enough buy stops were in the price would spike enough to take them out, it was like the brokers had a ready made market, all they had to to was punch up the price enough to trigger the buy stops, then short to them. ---------------------------- After months and months of that some one must have caught on, as I see her short interest droped a lot..giving her chance to correct. However they jacked up the premiums on the puts so much it's still a tough play. I don't follow her much any more if I do any options I'd rather spend my time looking around for some cheap calls. All in all they seem to do better, when you can find some cheap enough. --------------------------------- Have just down loaded a lot of the option experation tables just to see how many expired worthless, and which ones made any money, I still have to do a lot of charting on them to get the picture but so far even the ones that closed in the money for the most part were sold for more than they closed out at, and incurred a good loss when you look at the average price they went for. What I'm looking for in the most general sence is to see the amount of money lost on puts, as compared to calls.. I can tell you the over all picture is a net loss, to both the writers and the buyers, ( the nut with the middle man floor traders and commissions makes it hard to turn a profit in options ) -------------------- From my point of view the market in general is set up for and favors bulls, and when it goes the other way then the average trader is better off in bonds or buying some local real estate he can check out and hunt down for himself. I once had a real estate licence for Texas.. but let it go back. In that respect I'm a little like the guy I just saw a movie about, who said enough is enough..the so called ethics they insisted on were were not ethical to me. I felt like a flunky for the S&Ls, but there is some money in real estate, if you learn to do your own hunting and watch out for the traps. What got to me the most I guess was having to con a veteran into a VA loan, while knowing all along we had a double price on the house, one for the VA and a much cheaper price for the Conventional Loan. This was to cover the discount points the S&Ls wanted up front to handle a VA loan ( discount points are a front end charge ) but that's just part of the double speak bankers use. Any way to pretend I was doing the Vet a favor by getting him in a house were he paid this inflated price ( see it's against the law for the Vet to have to pay the discount ) The seller pays that, and we jack up the price of the house enough to cover it, or so to say circumvent the spirt of the law. Then the Vet while at least back then did get a reduced rate on the loan, and no money down deal..assumed responsibility for the "hot air" I don't know what it is now days but at one time it got to be 11pts..so we would add 11% to the house price.. that may not look so bad..but being it is "hot air" it's the last thing that's really paid off on the loan, if you can follow that. ( as it wouldn't be there other wise ) then take that 11% say 11K on a 100K home..and figure the compound interest on that 11K of hot air for thirty years and add that to the favor we did the VET, well this went aginst my grain and needless to say I was not very good at selling VA lones, before long I was not invited to the parties of the inner circle. I just went back to sea were I could be somthing that didn't make me feel so phony. --------------------- Odd how when the S&L scandel broke how little attention it got and how few were sent to jail. Your kids will still be paying for that bail out when they die. Damm how did I get on taht tear..I must be getting senile in my old age. Take care. Jim