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To: Ray Rueb who wrote (38907)	3/25/2000 9:28:00 AM
From: McNabb Brothers	Read Replies (1) \| Respond to of 93625

Ray, I agree with you 100% and will look at putting a disclaimer at the bottom of all my naked option post! You are very right about novices investors on these threads and not knowing what a bear market can do to an investor. In fact I was selling naked puts in 1987 way over what I could afford to buy and I was really really hurt. Just another learning expirence that cost me quite of bit of money, but was well worth it for I still remember it today and have learned much from it! All you have to do is to look at any thread on SI including this one and see the investor that is putting way too much money and faith into one stock. At present I have positions in about 12 stocks with naked puts and calls sold on them with a balanced long term portfolio of about 18 stocks, which some have been held for 15 years plus. It's too hard to post on all the threads so I usually will find one that has a few interesting and emotional people on it and tend to stay with it until I find another one to go too. The ZIXI thread is getting interesting and I sold a number of calls on that stock yesterday on it's bounce. Again thanks Ray for your kind comments and thanks for the advise, for I learn something new everyday just about. When one stops learning I've always said that he or she is 6 feet under in the ground. Hank