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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: Steve Smith who wrote (211)	1/28/1999 8:51:00 PM
From: Mark[ox5]	Read Replies (1) \| Respond to of 779

Steve, I agree... I do admit I am seriously considering quitting... main concerns would be health insurance, lack of 401K. I am not dillusioned enough to think this internet phenomoma will go on forever, and the market will go indefinately enough, but if you make enough in these good times and store some on the side for living expenses then you can weather the inevitable downturns. Just 1 SINGLE good trade on these options can give you living expenses for a year or two... Example: If I had balls to buy 10 YHOO Feb 270 options (instead of 4) @32 & $35 That is a cost basis of roughly $33,500 cost basis In 3 days (just 3 darn days) those options bid up to $105 (when YHOO went from $250 to $330) that is $105,000 ... with profit of $71,500. (after tax $50K) isnt that sick? LOL I only bought 4, but still did great :) Nowm that 1 trade can pay for you to sit home for 2 years.... I can "live" on $35K a year gross... and that's not counting the other 200 trading days of the year & all their potential profits. Next time .. anytime... in the next 6 months, the market corrects 10% and YHOO hits its 50 day lines, Im going in heavy on the YHOO options... todays move to aquire GCTY was awesome on their part. I thought GCTY and LCOS would be the 2 big fish to be bought out this year, XCIT suprised me. I wish I had kept the post but I said somewhere that this would be the year a lot of the little fish got bought out... not many companies can keep losing money forever... and consolidation and mergers is the next step for this industry. GCTY starts trading options next month, just think if YHOO had waited 1 month to announce this and we would of been in GCTY Calls :) Retirement city LOL Re: banging fist... I know the feeling.. but I still dont like the smell of the market... just a gut feeling. NSDQ rises day after day with NYSE sitting on its rear. I really wish for a 5-8% correction to rid me of these feelings.... but you know how it is..trying to time the market is a silly aspiration. Mark