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To: Jill who wrote (30700)	8/27/2000 3:27:14 PM
From: freeus	Read Replies (1) \| Respond to of 35685

remargin call Oh I'm so glad you said that: I was holding naked puts (still do to some extent) last year and though my account was in GREAT shape I got a horrible margin call because CMGI suddenly tanked BIG TIME and I had both stock and sold puts. I had to sell things like EMC at a big loss when I KNEW they'd be at a gain in a couple of months. (I also switched to BROWN who are MUCH more reasonable about what they hold back for naked puts.) But I'm glad you mentioned it so people know. I was a babe in the woods first few times I sold puts. Freeus

To: Jill who wrote (30700)	8/27/2000 10:30:46 PM
From: adairm	Read Replies (1) \| Respond to of 35685

I agree with you about last April. I wasn't selling puts then. The market just wasn't right for that strategy. Didn't "feel" right. Great for selling calls, though! Any strategy is dependant upon the overall market. You have to get a feel for it's direction. If you are unsure, stay out until you get with the trend. There is no need to be in just to be in. Developing the market feel is an Art not a Science. This is Voltaire special gift. He has developed that feel that tell him when the market will make his strategies successful. Technical Analysis is a way to help you develop that feel. It's all about determining the market's psychology. Most people think TA is Science! They're wrong. Go read "Trading for a Living" by Alexander Elder. You'll learn all about the trader's (and markets')psychology. Good luck, Adairm