Replies to post #107302 on 8000 Incorporated (EIGH)

[Kevin_W]

Very powerful post. I lost a little over $10,000 on all this, and even though it hurt and I still haven't built those savings back up (real life can be a bear...), I look and realize that 10k was nothing compared to what some others lost.

It's a shame, and I may never trade again because of what happened. I wish I could go back 2 years and kick myself when I didn't listen to my brother or my girlfriend when they told me to sell when there was profit on the table.

[ctrumabll]

The fact that Monkster was that freaked out by options is proof that he knew just enough to convince an audience of newbies that he knew what he was doing.

While the infamous Wade C(r)ook acted like options are a can't lose proposition, and is equally dopey, out of the money calls are a great way to generate revenue on positions you plan on holding, or selling at a higher price point.

[DrDouglas]

I joined Monk's list based partly upon his reported military background. I have always had such a high regard for those select people that are submariners. I mentioned my own 30 year military background to Monk, and should have been suspicious when I did not receive a welcome comment from his as was normal to anyone joining his list. Monk was known to be a submariner and used that "fact" to draw people in. I just wish the SEC would mention that "sales technique" in its paperwork. I also would love to know what Monk's actual military background was if any. Monks submarine experience may have only been limited to his bathtub.

Monk has taken a lot of my retirement funds and I hope the SEC makes Monk pay for all the pain and grief that he has caused all of his followers/supporters.

Dr. Doug