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I'd like to find out more about "options"
Thanks,
Bob Boyd
BobSci@netscape.net
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No. of Recommendations: 0
I'd like to find out more about "options"
Thanks,
Bob Boyd
BobSci@netscape.net





Try http://www.cboe.com/exchange/
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Bob:
Just go to "Vegas" and put your money on the "come"
line-just like options...
About one percent of the floor traders at the CBOE make money year in and year out. That should tell you something. Stick to your old and "boring" portfolio and the simple things in life; that is, unless you want to go back to work for the rest of your life. Options are a real "crap shoot" even when you know the game.

"Cush"
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Bob

Try going to cboe.com and download their program for new options investers. I think you will find it very informative.

Don
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<I'd like to find out more about "options">

I assume you're talking about stock options that are available on the various market exchanges, and not the stock options that are used as incentive pay. There are a couple of books you should read: Lawrence McMillan's Options as a Strategic Investment and James Bittman's Options for the Stock Investor.

Also, go over to the Mechanical Investing Message Board and search on the authors sparfakle and Ravt and on the subject 6/3 Options.

Finally, keep uppermost in your mind that these options are a wild ride--unlike anything you've ever seen. I've gone from having a portfolio wiped out to having one increase by 400% in consecutive quarters. Risk and money management discipline are especially important for this kind of investing.

Finally finally, a friendly injunction: don't spend a penny on options until a) you fully understand what you're doing, and b) you're prepared to lose your entire investment inside a couple of months.

Hope this helps.

Eric Hines

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