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To: TobagoJack who wrote (5150)	5/25/2000 9:42:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6018

I follow that same technique where I sell some of the shares that have held up to buy other shares that have been beaten down. I'm not sure that is the best approach, but I am reluctant to sell the beaten down shares of companies that I still like <G>. I like selling puts in order to buy some stocks at a discount. This technique is not too risky unless the market crashes, like now <G>. Oh well, I've been through this before, but this has been more extreme than usual. By a stroke of luck I had a lot of puts (long) in General Motors in October of '87. That was fun.

To: TobagoJack who wrote (5150)	5/27/2000 7:10:00 AM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

For those of you who are still keen on the dogs like Philip Morris and such icky shares, I have just done another of my Philip Morris type of trade (100% return by January with luck) ... hold your nose as you DD: Conseco (CNC), bought at 4 7/8 per share, sold November Put and Call, both at strike price 5/share, for a combined premium of 3/share. Figuring CNC should be at 5.01/shr on that fateful day in November and net me 150% absolute return. Like I noted earlier, hold your nose as you DD.