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To: Ibnbatutaa who wrote (544)	3/5/1998 10:36:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 3424

Hi Ibn....., Glad you remembered my prior musings re. a "spring correction". I basically sold all my 99 LEAPS calls in February, raised cash level to over 20% (which is very high for me) went shopping today. I don't trade short-term options. My portfolio consists mainly of stocks that should weather this kind of corrections, and the few small caps I currently own are special situations that normally fluctuate within their own universes--relatively immuned from the macro environment's unexpected assaults. Like most other investors, I had big paper loss today--mainly because of a disproportionately large weighting in INTC. But I am not crying because the cost of my original INTC lot was less than $3, purchased in 1989. Regards, Ibexx