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To: JustJohn who wrote (1053)5/1/1999 11:17:00 AM
From: Don Pueblo  Respond to of 3795
 
Well, read it again. Get a dictionary if you need one. It's not that hard to grasp.

Read the contract. Read the Complaint.

Check out the Bill of Rights, while you're at it.

Nothing personal, I'm sure you are a fine person.



To: JustJohn who wrote (1053)5/1/1999 11:29:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 3795
 
I am a simple person that made a simple statement.

The law is not a simple thing; it is extremely complex. TLC is attempting to explain to you what would happen if you tried to "prove" your "simple statement" in court. And he's only hitting on a few of the possible objections that might be raised. "Proof", in legal terms, has very specific requirements.

As TLC said: "What if bats flew out of my ass and I lost money?" just ain't gonna make it.



To: JustJohn who wrote (1053)5/1/1999 11:30:00 AM
From: TideGlider  Read Replies (3) | Respond to of 3795
 
John: Wouldn't it be reasonable to determine how much a person would need to purchase a webnode prior to cashing out anything? When I used to buy stocks and options I always determined what I needed and if I could afford the play before cashing a stock or option for another.

I would need to know if I could purchase even the smallest of units (calls, shares, puts etc)

On another note:

I remember once when I bought 20 puts on MSFT at market on open not to exceed 200per on MSFT after the WSJ interview where B Gates felt his stock was too expensive for the company too purchase. If I remember the stock had closed the Friday before in the mid or higher 130s. It opened down and I picked up the puts just out of the money. Around 200. each. I was told by a famous guy named Sal that it was a big mistake and that MSFT was suckering me. So when the price didn't fall much and actually gained slightly in the first 90 minutes I cashed out. Then then stock sank to the low 120s and I lost the potential 20grand for listening to "Sal". Should I have sued him? He claimed to be a more or less expert in everything. I didn't know he was a young student. I had just started on SI and had high respect for the double speak gurus.

The answer is of course not. I should have went with my own ideas, because ultimately I am responsible for the outcome. I actually lost several hundred dollars on that trade. Not to mention the gain the cashed option had made after I sold.

But be certain of one thing. I absolutely had to know how much to sell to cover the puts I purchased.

TG



To: JustJohn who wrote (1053)5/1/1999 11:31:00 AM
From: Don Pueblo  Read Replies (1) | Respond to of 3795
 
I was a little rough on ya, dude. Sorry about that.