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To: timers who wrote (51453)	12/27/2000 9:04:01 AM
From: maceng2	Respond to of 436258

Tabler, Re MRK poots how far out you have them and what level? Well, so far I have bought just a few Feb 70's. Very much in the "buy poots first, ask questions later" frame of mind. It really comes down to this. Does trading range rule? If it does, no point in buying Dow poots. Mind you,.. Dow 9500? where would MRK be then? Much as I respect MM's point of view, I'm buying some insurance while I can still afford to. I buy poots at least one month out, and typically under $1, selling half when they double up, and have focused on the Nas. Those type of poots are getting expensive to buy these days. I once laughed at Monty Lenard when he covered a short on LLY just before a major drop. Then I had BRCD 160 poots at one time for around $0.50 and sold them for an easy double, I'm being punished now -g- regards, pearly.