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To: energyplay who wrote (24846)	11/1/2002 3:42:48 PM
From: S. maltophilia	Respond to of 74559

Maybe Jay can set us straight, but I was under the impression that he was shorting the puts, not the stock on NLY: Last Night's Report, confirmed now, shorted Annaly Mortgage (NLY) quote.bloomberg.com. April Puts 17.5 at 2/shr pcquote.com. (yes, I moved the market, because I was the only seller) Message 18181090 <<I think NLY may not fall apart on schedule for you.>>

To: energyplay who wrote (24846)	11/1/2002 6:15:46 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

good morning energyplay, <<Lesson for me is to pick on the weaker ones ... >> You are right. <<I think NLY may not fall apart on schedule for you>> But you misunderstood me. I sold NLY puts because <<the puts seemed pricey>>. I am betting with Maestro Al and against Doug Noland on this one, just a little:0) Message 18181090 but I am wagering with Noland and against the Maestro a lot, on this one Message 18181599 Chugs, Jay