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To: Mark Peterson CPA who wrote (10329)	6/17/1999 12:48:00 AM
From: John Madarasz	Read Replies (1) \| Respond to of 19700

Mark, Good to see you up with the owls, Got your message and very much looking forward to getting in touch. I've read and enjoyed many of your posts re: hedging through the use of options. Is it worth the effort to try and play the market unhedged, or should the average investor just stick to medium and long term strategies and fundamentals and try to stay informed...and concentrate on the flying sparks vs. the oscillating indexes. Still Hammering Away, John