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

To: Shane M who wrote (38855)	12/9/1998 11:34:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 132070

shane, a put, in and of itself, is not less risky than shorting. the system is the key. mike's system is well thought out. it takes discipline, too. on the amat thread, mike's results were posted. a response said that with results like that he'd spec with 20% and not 10%. greed. greed. greed. mike's system makes capital preservation the #1 key and that has to eliminate the greed factor. if you let greed rule you then you will lose. eventually.

To: Shane M who wrote (38855)	12/10/1998 10:16:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Shane, Options are short term investments, but I view them as long term plays. That is where my 90/10 program came into being. If I see a stock that is way overpriced, I will buy puts on it until it goes down or the fundamentals change. True, I have a lot of expiration days where I cry in my beer. But the winners are so overwhelming that it doesn't matter in the long haul. Still, you cannot make bets at any one time and be assured of a win. You have to be able to stay the course. MB