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To: Taylor Mill who wrote (57487)12/29/1999 6:18:00 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 95453
 
I sold some May 10 puts today at $1-15/16. If XTO is below $10 at options expiration in May (and I'd be surprised), I'll gladly buy for $10 (net $8-1/16). I'm already long XTO and very bullish about this company. 2X forward cash flow is cheap for a quality company like XTO.

My microcaps SFY, MEXP, PEGI, and AXAS look very cheap too, but I think the recovery in microcap issues will take even longer.