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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (11770)	3/24/1999 8:12:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

POET!!!!! - Great to see your words again, we have all missed you here. Welcome home. Should we start calling you Poet Van Damme? Tj

To: Poet who wrote (11770)	3/24/1999 8:36:00 PM
From: Wes Stevens	Read Replies (2) \| Respond to of 56535

Poet OT I know what you mean Poet on the getting old. I started taking Jeet Kune Do about 2 1/2 years ago. I am also the oldest in my school by at least 10 years and I really feel it at times. I am still watching ITRA and NESY. Got into VRIO today at 43 just to watch it drop to 40 1/2. I committed the sin of averaging down at 41 and for a change it worked. Anyone else in or watching VRIO??

To: Poet who wrote (11770)	3/24/1999 9:46:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Poet,just briefly on the options for now and then more later--but regards "don't they cancel each other out?" It can work that way,and there is no loss,but it also can work such that you make a major profit,all you need is a major rise in either the puts or calls--and dump the loser---in the REV straddle,if the merger happens I make a major profit on my calls relative to my loss on the puts,but if the merger does not happen,I will then still glean a profit as the puts become much higher in price relative to the calls--and so on and so on:)Max---- My best stock this week has been BII.TO,up 3 &1/2 points--but am going risk holding--so profits thus far just on paper.