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To: sam_o who wrote (18605)	9/15/2000 7:07:52 AM
From: AllansAlias	Respond to of 436258

You're getting the hang of it now Sam. Do not get too anxious though. Many of the posters on this thread, yours truly included, have flushed way too much money down the poot toilet. If you are going to get into buying crash protection, then pick your candidates well, buy it in small pieces, buy them as many months out as you can afford, and only buy them when everyone else is buying calls (i.e., when p/c ratios are low). As for the question about relating our current situation to past foolishness, this is the most insane setup in the history of global economics. I believe that other manias may have been more extreme, for instance the tulip mania, but this one has its hooks in everything from Toledo, to Tokyo, to Timbuktu. But, I repeat, do not throw a whack of money at puts. This may take many more months to work itself out. Don't get all lathered up 'cause that's what put-sellers like. Do an analysis of what will give, not in the BK, but in a BC -- big correction. Gold is a decent idea here. Producers can not get any cheaper really. I just would not get any more than, say, 2-5% of my portfolio at this stage. Just mo.