But knowing Ralph, we were gonna go drinking some place and pick up some girls. I didn't mind this at all because at this point in my life I realy didn't care and didn't want any lasting relationships. The war had soured me against life and I didn't really care about anyone or anything. When I got to my sisters house I noticed that Ralph's car was there as I walked in the door there was this little girl sitting on the couch. Ralph came out of the kitchen with his girlfriend Karen. " Hello Pat it is about time you got here." said Ralph. " Well I was here a while ago and you didn't show up so I went home and took a shower and changed." " Well this is your date for the night, her name is April." said Karen. I looked at the pretty little girl sitting on the couch and said "April, well I don't like that month." That realy got the ball rolling. I looked at Ralph and Karen and told them I wanted to see them in the kitchen. When we got there I was a bit pissed at them both. " You. I'll start. We both have 401Ks for our employees and we personally own almost identical stocks and bonds. Sometimes we squabble over what to buy or sell, but overall we've kicked ass." You may not need much advice. Sounds like you're quite astute." Inside himself, Bill's heart groaned."We're scared at the moment. This market's climbed a lot of stairs and ought to be out of breath." Or breadth," said Bob.They all chuckled, before Bob continued, "We want to hedge our positions or some of them. Our present broker has suggested using Standard and Poor futures, but they have expiration dates. How far out in time should we position the options?" There are better vehicles than straight options. Are you familiar with the Spyders and Diamonds on the Amex?" Only the crawly and sparkling kinds," said Bob."Let me explain."Forty-five minutes later, the three emerged. Bill tried to mentally tabulate the commissions he would earn, as Bob whispered to Stan, "This guy knows his business and if we.
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