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HailMary

11/25/03 3:03 PM

#18744 RE: Elmer Phud #18740

Please caution me often!

Just remember writing puts is high risk/low return if you are using margin. If all the stocks you wrote against were to drop suddenly by 30%, would you be in trouble? I use margin myself at times, but if I do, I try to cover it quickly or buy a few cheap protecting puts at a much lower strike to limit exposure to catastrophe.

HailMary