Forum Archive Index - October 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Woody,

>
> As I trade Options I do not use Stops at all. I  use Combinations of
> Strategies. Debit Spreads, Butterflies, Condors etc.
> 

That is interesting.  I tend to think of options as something issued by a 
company to reward senior managers.  However, this is not what you 
are talking about is it?

I think you are talking about put and call options, for which NZ 
investors have had very limited choices up until now.   However, NZX 
CEO Mark Weldon wants to change this and introduce more of this 
type of thing.

I know that investors can use 'put options' to lock in profits from a 
share that they expect to keep rising in price.   Such a startegy will 
protect your profits should the share price fall, but also limit your 
upside should the shar eprice go higher.   Ideally you would buy your 
'put option' at a share price resistance level.   Is this the kind of thing 
you are doing about Woody?    

>
> I do know All aspects of FA trading. I studied at the Australian
> Securities Institute: Financial Analysis and Valuation Financial
> Markets and Economics Securities Industries Law and Ethics
> 

Ah, so you were holding out on us!  You know rather more than you 
have let on up to now!

>
> I have read every Book Written By Warren Buffet 
>

That would be easy, as he hasn't written any himself.....

>
>and every report from Charlie Munger.
>

You mean you have read the Berkshire Hathaway reports.....

> 
>I have read the Zulu Principle My sister is a
> Fundamental Stock Trader and uses Stock Doctor. 
>

When are you going to get her to sign up to the forum ;-)?

SNOOPY





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