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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (9338)	2/27/1999 10:44:00 PM
From: Matthew L. Jones	Respond to of 43080

Fair enough. I know I lost a pile of money playing calls last August and September. I just knew the slide was over (ha ha). This downturn can't last forever... yeah, right!! And like you alluded to-- executions are critical on options as well because the spreads are so wide, so they do lend themselves to longer term plays and bigger movements. I got creamed by having a poor broker (RF Lafferty-- supposedly an options firm). They are the ones that Bernie Schaeffer recommends. I always paid the highest prices (I thought they were fighting for that 1/16th!!). Between slippage and commissions, I had to make a half to break even. MLJ PS Have a good weekend.