Posted by Phil (CO) on February 20, 2002 at 12:43:14:
I was afraid I might get a response like yours.
I’m sorry - I shouldn’t have generalized. Believe it or not, I have read hundreds of messages on this site, and I agree that there often are warnings about the risks. Joe Kaiser’s article on “Top 10 Ways to Get Creamed in REI” is case in point.
I should have kept my comment specific to this point on L/O. In dozens of posts on this same topic, the response is always the same - if it doesn’t work out with the first T/B, just keep his option money and find a new T/B. This is the first time that I’ve read a response from an experienced investor that says “it ain’t that simple!”
Again, sorry for the generalization. And since you chose to ignore the statement in my original post, I’ll say it again:
I think this site is awesome. I wouldn’t be starting REI without it.