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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: zoya who wrote (112)	12/3/1998 12:27:00 AM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 122087

Actually this is the break down on CDNW for Nov 30, 1998 4 trades at 40 vol 2100 at the offer 5 trades at 39 1/2 4900 3900 on the bid 1000 on the offer 1 @ 39 3/8 vol900 on the offer 14 @ 39 1/4 vol 11,800..7300-bid and 4500-offer 4 @ 39.125 vol 4700 3700-bid and 1000-offer 61 trades at 39 102,000 volume 76000-bid 23000-midddle 3200-offer based on the above you never had a chance with a limit order at that level with the real buyers not stepping into the picture until 39 the calls were hit by early market orders and short selling market mnakers You would have been better off by placing a little lower limit from where indications were and always remember market makers see your orders and The options market makers have absolutely no requiremnts preventing them from screwing you ..they are not bound to a firm quote rule they can flat out refuse to do a trade and there is nothing you can do about it...They are dirt bags...That is one of the reasons I choose the much more capital intensive strategy of dealing with the common and leaving the options to others I have never been fond of paying time premiums and I doubt that I can ever be converted...I know the leverage and all that Ydadadada...but Im just no good at it..If I believe in something I just put all my chips down and dont mess around..So I have to be really sure that I have my downside well coverd.at least in options you cant lose more than what you paid.. I'll take the extra risk when Im positive something is good ..I only believe this hold s true on the short side I thiunk options are a good way to hedge on the long-side But I still dont do it..I never learned how to chew gum and walk at the same time But I know enough about it from owning my own options desk and NASDAQ firm. I still want to Thank You again for bring GLCCF to my attention and I hope you got involved at 25 when you brought it to me ..My Highest sale was 20 and some change...Good job in identifying it as something that I might pick up... I try to cover everything but I just cant...so once again Thank you.