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To: tsq who wrote (173877)	5/6/2008 4:37:11 PM
From: lexi2004	Read Replies (1) \| Respond to of 208838

DIA puts...I have a variety.:) May S129 and S130 June S130 While I really think we should go down, IMHO the govt. is feeding so much money into the market to distort things. Today was unbelievable. We went down below 129 then we ran up along with the news that crude closed at a high. Now we are celebrating that the news isn't as bad as it could be on some of these earnings. CSCO and DIS are up in AHs on what are supposed to be better earnings. I consider myself fortunate for while we're not wealthy, we hold our own. Granted we live simply and our home is paid for and I have one car payment of $265 a month. The interest is a bit above 3% so I'm in no rush to pay it off and really don't owe that much anyway. All our properties, etc. are paid for so no payments there. Regardless, it doesn't take a rocket scientist to see how awful things are. IMHO the govt. can only hold this market up so long before it comes down hard. Reality is reality and consumers just aren't spending the way they were no matter what they say. If spending is up it's because everything costs more. So...yes, I think the market should go down, but who knows? The govt. is certainly more powerful than I am. LOL If you buy puts, I would suggest you start with the June S130 puts. That way it will give you more time. +DAWRZ Lexi