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To: hobo who wrote (9892)	3/7/2001 1:55:29 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 10876

Agree with all your points. One other thing that I failed to mention in all previous posts about these is that the Clinton era totally ignored energy. Because of this, natural gas inventories ( along with oil etc) are the lowest in decades. We have NO reserves basically. Even if prices were to weaken, I would at least hope that Bush would start rebuilding these inventories for a rainy day. ( Or a real cold one <ggg>) That may also put a floor under them. Yeah, this goose back up in the QQQ explains why I was having problems getting fills this morning. I was trying to add some more QQQ LEAPs and then sell other LEAPs against them in a modified bull spread. I guess they had the road map and knew where we were going and decided to not let me buy. <gggg> I was looking at the 03 40s below 18.5 and selling either the 03 65s or 70s for 7 or 8.1. Not a whole lot of downside protection but the movements were nice on the upside. Couldn't get fills though. Oh well. I'll wait for the next drop. Good Luck, Lee