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To: Cosmo Daisey who wrote (6461)	4/14/2000 2:29:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

You mean people are writing April cc? That would be nuts. Are you seeing a lot of that, watching stocks and volume? I'm not paying attention. My point was, to write leaps--if you have to write cc to save your portfolio. I wrote JDSU leaps a few days ago. I'd prefer not to write qcom leaps but it depends how much they bring this market down. I want to keep my ntap calls (sept 55), my emc etc. I already let go of my nt leaps which were once highly profitable and now were even steven. There's only so much I want to get pushed out of. There was a nice piece referenced on QCOM thread: smartmoney.com. "IT's not as bad as you think." Nothings really wrong except a vicious correction, as you say, it won't return until institutons return. But when they do I want to have my tech stocks intact as possible. Maybe ed can weigh in on this later--but in spite of having ample margin room for put capacity I didn't when the market tanked. he went to all cash at a good time. If you don't do that, then you can't predict your margin capacity.