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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (34735)	10/29/1998 11:43:00 AM
From: Knighty Tin	Respond to of 132070

Paul, I think that it is always time for options. They are much more efficient than stocks in much lower risk in many situations. Right now, I think that options are vital. Not only for puts, but, if you want to play the upside bounce, for calls. You may want to read my article at talk.techstocks.com. McMillan is a good start, though I think he misleads in some areas. But it is the best book on the market. The CBOE web site is also a source of information. Other than that, the best teacher is experience. I started back before there were listed options and I am still learning new stuff. One recommendation. I talk about 90/10 a lot. When you are learning long options trading, I prefer interest only, which would be closer to 95/5. Little known is the fact that 90/10 started as interest only. The rates have been changed to make the game more dangerous. <G? I can almost see that dichotomy, though not the specifics. I often speculate in stocks and play it close to the vest in bonds. That is because I like the upside to outweigh the potential downside. MU can double or triple or quadruple. Or, it can go broke. AT&T bonds cannot go up much beyond call price for the bonds or par, but they can still go broke. Unlikely in the case of AT&T. But if you asked me if I prefer an MU bond to an MU stock, the answer, after I get sick, is to opt for the stock. MB