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To: Slumdog who wrote (120576)	3/16/2001 2:47:47 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 164684

>>Actually, Gene, IMHO, I think selling otm puts in here soon will be a good strategy. If we turn around, you keep the dough. If we go much lower you will be assigned some very cheap stock............... << dt, the naz is still nearly 200% above normal valuations. i don't use bubble valuations as my ruler to define cheap. i use historical norms with a few marginal adjustments. my marginal adjustments don't add up anywhere near 200%. maybe 10-30%. bear in mind, though, the pendulum swings through fair value (which you won't even see until another 50% off the naz) through to undervalued. selling puts is EXTREMELY risky.