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<DIV><FONT color=#000000 size=2>Just read in Forbes that Dell Computers made
more money on it own stock selling puts and buying calls (3.1 billion) vs
selling computers (2.5) billion. Intel and Microsoft also play this
game. And you wonder why microsoft always try to guide analyst's estimates
lower? Do any realtraders know how to find out about these trades in the
income statements of these companies? </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Personally I find this practice pretty
outrageous and should be illegal -- it opens up a whole pandora's box of
potential abuses.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Marc Lawrence</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Mar 27 15:40:21 1999
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From: THE DOCTOR <droex@xxxxxxxxxxxx>
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Subject: Re: Dell
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Not only is it legal .... the put selling is tax free to the corporation.
It is not uncommon for many corporations to enter in OTC option transactions
on their own securities. The are prohibited from doing any trading
pending a corporate announcement.
<P>Marc Hara Lawrence wrote:
<BLOCKQUOTE TYPE=CITE> <FONT COLOR="#000000"><FONT SIZE=-1>Just read
in Forbes that Dell Computers made more money on it own stock selling puts
and buying calls (3.1 billion) vs selling computers (2.5) billion.
Intel and Microsoft also play this game. And you wonder why microsoft
always try to guide analyst's estimates lower? Do any realtraders
know how to find out about these trades in the income statements of these
companies?</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>Personally
I find this practice pretty outrageous and should be illegal -- it opens
up a whole pandora's box of potential abuses.</FONT></FONT> <FONT COLOR="#000000"><FONT SIZE=-1>Marc
Lawrence</FONT></FONT></BLOCKQUOTE>
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</x-html>From ???@??? Sat Mar 27 15:40:09 1999
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From: Ira <ist@xxxxxx>
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Subject: Re: Dell
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This has been going on for years. Insider buying and selling of stock
is not new and neither is the purchase or sale of options. Those
who took the other side of those trades could very well have made
a lot of money also. It all depends on how you look at the total
picture. Ira
<p>Marc Hara Lawrence wrote:
<blockquote TYPE=CITE> <font color="#000000"><font size=-1>Just read
in Forbes that Dell Computers made more money on it own stock selling puts
and buying calls (3.1 billion) vs selling computers (2.5) billion.
Intel and Microsoft also play this game. And you wonder why microsoft
always try to guide analyst's estimates lower? Do any realtraders
know how to find out about these trades in the income statements of these
companies?</font></font> <font color="#000000"><font size=-1>Personally
I find this practice pretty outrageous and should be illegal -- it opens
up a whole pandora's box of potential abuses.</font></font> <font color="#000000"><font size=-1>Marc
Lawrence</font></font></blockquote>
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</x-html>From ???@??? Sat Mar 27 15:40:13 1999
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From: Ira <ist@xxxxxx>
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Subject: Re: Gen: Help for advanced traders.
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There are several mental steps that create failure. Anyone that has traded for
any period of time has fallen victim to many of them. They can all be put into
a group called the "what if ?" group. There are just three steps to being a
trader. 1. see the signal your system provides. 2. Pick up the phone and dial
the number. 3. Place the order. With the internet step 2 has changed, but the
principle is the same. Somewhere between step one and step three, the "What If
?" question arises and that is the downfall of any trader. What if this is a
false signal? What if the indicator changes on the next bar? What if this? and
What if that? The minute you ask the question your trade is a loser. Have a
good week. Ira
BrentinUtahsDixie wrote:
> RT's
>
> Almost no one wants to admit to any group of their piers that they aren't
> successful at something that they want to be successful at in the worst way.
> If any of the stories about how long it took for many of our RT group to be
> successful are indicative, it can take years to break even let alone make a
> living or find wealth.
>
> I spent a good deal of time thinking about this and why. One thing that I
> became aware of is the way a move in the market develops. Someone can
> correct me if I have it wrong but this is the way I see it. A large trader
> makes a deal with another larger trader to (we'll say for this example) buy
> 5000 contracts of something at a somewhat higher price. All the other
> traders never even get a chance to be part of that trade. When the news of
> this hits the floor the price takes a jump. Now the smaller traders (first
> on the floor) and then off floor traders begin to respond. Only those that
> are very quick get much of the initial move, the rest are being filled just
> as the momentum is beginning to change.
>
> This puts most traders in a situation of always playing catch up and that is
> a losing position to be in. The large traders know this and use this setup
> to their advantage day in and day out. You either get quick or you get
> contrarian to survive this.
>
> Scenario number 2 is when a powerful move begins to trend after congestion.
> You see the breakout and then you are fearful of a whiplash. But no whiplash
> happens, by now things have changed considerably so you think, I can't get
> in now because this trend may end any time now, so you wait longer. Finally,
> you decide to jump in anyway, just in time for a covering move against you,
> you are stopped out at a loss.
>
> You simply can not win if you don't find a way to get around these traps. In
> my opinion there are ways to do that. I'd like to hear how some of you think
> that they can be avoided or made to work in your favor.
>
> Brent
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