What did the S&P do today? (Monday)

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Did my 20 Calls make anything today? (Did I make a mistake in taking only $200.00 profit per contract?) Is $4000.00 a good return on 7 hours of trading?

(Deduct $6.95 for Maalox)

I'm out. Tomorrow is another day.

-- Joseph Almond (sa2000@webtv.net), January 31, 2000

Answers

You learn real good,Joe! Tora. Got Rice?

-- tora (hotstuff@home.com), January 31, 2000.

BE THANKFULL, DONT BOAST TO MUCH THIS CANNOT LAST FOREVER. HISTORY ALLWAYS REPEATS ITSELF, DONT BE A VICTIM TO HISTORY.

BEST WISHES

-- bob (Bob@ghoward-oxley.demon.uk.), January 31, 2000.


ALLWAYS??? Are u shure?

JA

-- Joseph Almond (sa2000@webtv.net), January 31, 2000.


Joseph,

I sorta figured you'd be OK if you took your profits and ran today. Remember that "Dead Cat Bounce" thing from yesterday. But it could have just as easily gone the other way. With the prospects of interest rates going up, I suspect it was a combination of the PPT trying to keep the end of Jan. figures up and the DCB thing...but who knows. I haven't done my homework on today's action but would not be in any Long Position going forward. Things are just to strange. I'm sure glad you got out today at a profit. Congratulations

-- Larry (Rampon@Dallas.net), January 31, 2000.


Joseph- The last time you solicited an opinion on how things might turn out, you didn't sound as confident as you do now. Trading right now is about as sure a thing as gambling. If you can deal with that, you might be a big winner. Or you could easily be something else. Take good care.

-- Gia (laureltree7@hotmail.com), January 31, 2000.


Trading the Stock arket at current levels is utter insanity. Therefore, the only prudent manner to deal with such unpredictable volatility is via Put and Call Options. Whenever 900 points are lost in less than two weeks, buying a few Call Options is gambling, yes, but with limited risk. (The cost of such options) The potential for profits so outweighs the potential for loss, when the instruments are purchased after such extreme moves, that I just can't elp myself.

If the market roars on up to thin air in the next week or two, I will short the market (Puts).

To you folks who own stocks...YOU are gamblng more than me. Have you not read much on the Tulip Mania or the Great Depression? Are you out of debt? Do you have ample supplies of food, clothing, tools and water stockpiled?

What will you do when panic lays hold of ALL investors?

When you lose your job, due to external economic forces?

Are you psychologically conditioned to survive the coming hardships?

I hold only one share of stock. I have it physically, in my desk. I won't tell you why I did it. You will know soon enough. Watch.

-- Joseph Almond (sa2000@webtv.net), February 01, 2000.


Trading the Stock Market at current levels is utter insanity. Therefore, the only prudent manner to deal with such unpredictable volatility is via Put and Call Options. Whenever 900 points are lost in less than two weeks, buying a few Call Options is gambling, yes, but with limited risk. (The cost of such options) The potential for profits so outweighs the potential for loss, when the instruments are purchased after such extreme moves, that I just can't elp myself.

If the market roars on up to thin air in the next week or two, I will short the market (Puts).

To you folks who own stocks...YOU are gamblng more than me. Have you not read much on the Tulip Mania or the Great Depression? Are you out of debt? Do you have ample supplies of food, clothing, tools and water stockpiled?

What will you do when panic lays hold of ALL investors?

When you lose your job, due to external economic forces?

Are you psychologically conditioned to survive the coming hardships?

I hold only one share of stock. I have it physically, in my desk. I won't tell you why I did it. You will know soon enough. Watch.

-- Joseph Almond (sa2000@webtv.net), February 01, 2000.


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