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To: PAL who wrote (2544)	2/9/2000 11:50:00 AM
From: Jill	Respond to of 8096

Great post, PAL, and glad to have you back actively on our thread again. I think the original was from PMS Witch rather than our esteemed Mark, but I just posted it to Loffy

To: PAL who wrote (2544)	2/9/2000 11:55:00 AM
From: Greg Jung	Read Replies (1) \| Respond to of 8096

(excuse the legalese ....) There are several courses of action possible when you've issued a statement which, taken by itself, out of context, or having been mis-stated, is demonstrably false or non-sensical. Two of these courses, which are my best guesses as to the two which edamo considered, are 1. Correct the mistake. Claim it wasn't meant literally, or that by example it could be true in certain cases, or that you simply misspoke. 2. Round up as much erroneous arguments as possible to support the original statement, attack those who have pointed out the mistake, etc. edamo has obviously chosen the latter course. Now your lecture on strategy etc. is interesting and it points to my contention that even comparing the two approaches - selling puts and buying calls - is inappropriate, but the proposition that the buying power used should be compared is an absurdity. To compare $1M in call purchases to $1M assignable stock is also innapropriate, except that both have a maximum loss of $1M less collected premiums. If the stock advances then the result in one case is two islands, otherwise you can buy two cafeteries with the 10% or so collected in puts.