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To: Larry S. who wrote (34095)	10/30/2001 1:25:17 PM
From: BWAC	Respond to of 53068

I haven't kept up with ENE recent bad developments so I really have no opinion. The suggested trade looks good assuming you think ENE won't go below 10. Of course when the pile on'ers get ahold of these things they tend to head toward the $5 area no matter what. I'd try to think ahead and see what I could do in December if the above trade goes bad. Like would ENE stop falling near $10, like $9.50 or so, where you could write a December 10 for a decent premium. Or maybe given the risk buy ENE at $11, sell the $10 strike for $2.30 instead of the 12.50 strike. That would offset more risk, and lower the potential one month return to 13% from 25%. Or sell a Nov $10 Strike Put for $1.40?