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    "Even with experience in the options market, I found Mr. Hecht's book helpful and informative. This book should be required reading for any investor or stock broker ... in option investing."Raymond P. Swartz, C.P.A. (retired), former stockbroker, Oppenheimer & Co.

    "This is the only book on options I know of written for concervative investors. The techniques you describe permit investors to better control the risks of their investment programs, and increase their profits. The book is well written and understandable. You have selected your material well, and the techniques you emphasize are those that are most useful to the average investor."William E. Grieb, Jr., co-author of Your Option - How to Successfully develop Put and Call Strategies (1974)

    "Mr. Hecht has written a valuable addition to the literature in the field of investment information. He has included the technical data in mostly layman's language. The result is an informative book, easy to read or study. I commend this book to all investors and their professional advisors."David Gindoff, C.P.A., former partner (retired), Gindoff & Swartz and Oppenheim, Appel & Dixon, C.P.A.'s

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Mervyn Hecht was educated at UCLA, University of Paris (Sorbonne) and Harvard Law School.

While still in law school, he authored an important article in Taxes Magazine on real estate taxation, and after law school he opened a law practice in Pacific Palisades California.

During 25 years of law practice he represented investment advisors and investors in a number of matters, and worked extensively for Charles Schwab and Merrill Lynch.

Mervyn Hecht was an active director of two companies providing computer education.

One of the companies was among the first to offer computer training on the computer, and while Mr. Hecht was active in management the other became, and remains, one of the largest technology education companies in the world.

Sunday, 29 January 2012

UPDATE ON NUAN

Toward the end of December I recommended NUAN stock. At that time it was selling at about $24 a share. Since then it has gone up to about $28. If I were not an option writer I would have bought 1000 shares and would now be up $4,000. Since I am an option writer, I sold the April 21 puts and took in $1,100, and I am up about $1,000. The stock still looks strong to me, and I might take my $1,000 profit now and write another put closer to the new strike price. Or I...

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Saturday, 28 January 2012

Market Update For Week Ending 1/27/2012

In the Market Update this week: 1. After delivering the best early January performance in recent memory, U.S. stocks turned mixed as the end of the month approached. 2. U.S. Economy Grows At Its Best Rate Since Mid-2009. 3. Federal Reserve Vows To Keep Interest Rates Low Through Late 2014

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Saturday, 21 January 2012

Market Update For Week Ending 1/20/2012

In the Market Update this week: 1. U.S. stocks delivered strong performance in a holiday-abbreviated four-day week as the "January effect" continued to favor the markets. 2.Sales of U.S. homes improved 5% in December over the previous month as low interest rates and solid economic growth continued to heal the real estate markets. 3. A week after Standard & Poor's cut its credit ratings on many of Europe's leading economies, the World Bank is now predicting a full-fledged recession on the horizon for the continent.

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