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

To: Mark Peterson CPA who wrote (104603)	2/24/1999 5:00:00 PM
From: freeus	Read Replies (2) \| Respond to of 176387

Thanks after losing almost $5000 today that I didnt have to lose, I may have a real martini instead of virtual. Or maybe a margarita. Ok. I know which stocks I wish to work with options on (forgive the dangle). I like using Dell, AOL and Csco. (My biggest gain was on a call I had for Yahoo but that was too volatile for me). I know all of them are volatile and I have to learn about extent: perhaps the CBOE site that Chuzz gave will help. I have a "psychological" problem and that is that I like action. It leads to a lack of patience and a definite lack of resolve. By lack of resolve I mean I have trouble saying something like "Only sell for a gain" "Only buy when its a down day" and other mottos and then sticking to them. I'm probably not the only one in the world with this problem but it isnt helping me become a better investor. (12 step program?...No I dont think so) Of course it makes a lot of sense that the higher volatility the more the options costs, because there is a better chance of making a gain (as well as a loss of course but we'll forget that). Thats why the time premium too because the more cycles of the rollar coaster market you have ahead of you the more chance that one will be in your favor. you touched on timing and rates of return. Timing requires patience which is, as I said, not a strong point for me: sometimes I "know" that I can buy or sell at a certain price if I wait but still dont wait..I get scared out so to speak. And rate of return: another problem: if I had wanted a double and the option is there very quickly its difficult not to want more...I wonder what happened to the law student who had that HUGE gain for a short time on paper on his Feb 100: did he take any of it before it collapsed on him? And why did I do so much better in Jan than I am doing in Feb? It has something to do with the market but I'm not exactly sure what, surely not only that Feb has been down, because it has also been up. With out of the money calls: with a volatile stock, and a low call price one needs to be able to watch carefully because the gain may only last a day: the calls I originally sold could have been bought instead and I would have had a double yesterday but lost most of it today. Sigh. Thanks for all help. Freeus

To: Mark Peterson CPA who wrote (104603)	2/24/1999 5:00:00 PM
From: Sig	Read Replies (1) \| Respond to of 176387

Re: Options 122A Thanks for providing the important clarification on volatiity. A short time back Yhoo would have to increase over $40 a share for a call to be worth what it cost. That looked like a game for the big boys besides sheer speculation so I stayed out. A dim light is now showing when you state people may be playing the price of the stock against price of the options. A complex game for experts.Can live without it. Buy Dell(hehe) ( But I might take a little flyer now and then) Regards Sig