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To: GuinnessGuy who wrote (117309)	4/14/1999 8:03:00 AM
From: Frank E W	Respond to of 176387

Craig..you are right! Its been my experience when Joe Rookie is buying its time to sell and when Joe Rookie is selling its time to buy. They are usually good indicators of bottoms and tops. Then they think since they lose all the time its easier to short since their stocks are always going down and turn around and make the same mistakes on the short side Frank

To: GuinnessGuy who wrote (117309)	4/14/1999 9:47:00 AM
From: edamo	Read Replies (3) \| Respond to of 176387

craig...re the short putters.. a much maligned olympic sport interesting phenom...those that "buy" puts...i'm the other side of the trade...a "put" seller...why buy insurance or take cash out of your pocket to ride a stock down...last one holding the put usually loses..the seller if the trade goes against, merely rolls forward and takes an increasing premium, no increase of risk/exposure from the next "putter"...it's a beautiful thing if your on the sell side...effortless..mo money, mo money, mo money...cash in my pocket, out of the putters pocket..i'm the underwriter, the house, the casino...the buyer the gambler...oh well the amateurish misunderstandings are ripe on the thread...cheers *p.s...the misery on the down creates an exaggerated "implied volatilty" by the "buyer" not the "seller"...basic options knowledge that you evidently aren't aware of*