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


To: GROUND ZERO™ who wrote (27485)9/11/1998 7:29:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 94695
 
GZ; Thanks , and LOL Re> the quick and the dead. <<, you got it,
and there is always some one on the other side of every contract,
so you know 50% are going to lose, ah but then there is the cut
the house takes (the spread,) and the time premium the underwriter
gets. The main use I see in them is for arbitrage players, and I
know they are playing them against stock orders , so I can't hope
to compete in any meaningful way. I personally feel to get in that
kind of quick draw contest with out some big guns sooner or later
you meet your waterloo. I looked at it several years ago and said
well heck I could beat this, but now that I've looked at it some more
I'm glad I didn't try. <G>
Jim