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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (75923)	10/30/1998 5:44:00 PM
From: FR1	Read Replies (1) \| Respond to of 176387

I think you are right. I like Dreyfus. Here's why: 1) Flat rate of $17.50 for almost as many option contracts you want to do. 2) Easy to read option chains. 3) Large brokerage firm to help lessen chance for bankruptcy. ****************** You know I really ought add a cautionary note to all of this. You can lose your ass with a punch of a button with options. Here's an example: 1) I held calls on msft. 2) I decided to cash them in so I punched the button to do so. 3) It did not seem to take so I punched it again. 4) You know what's coming - it registered twice. 5) The next morning I woke up and found I had sold naked calls and they wanted to know where my $45,000 was. As luck would have it, it did not spike in the am and I only lost $2,000 (which I had just made selling calls). 6) If I had walked away from the computer for a few days or a week, I would be out tens of thousands. Moral of story:** This is a game to learn slowly with a small bet and a lot of attention. You can lose everything fast.