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To: Lost1 who wrote (19423)	4/16/1998 8:42:00 PM
From: Lucretius	Respond to of 95453

I must admit, I bought put LEAPS on DELL when it was around 68 last week, I'm brave, but I'm not stupid. (ggg) I am hearing very convincing evidence around town, however, that its days are numbered. W/ its lofty valuation, the slow down I'm hearing about becoming evident over the next few months, and BYE BYE !!!!!! Got the double bear spread on NKE (put LEAPS and short) Co. looks TERRIBLE. It is more of a mkt short than anything else. I always like to have a short or two on hand that won't run up as the mkt goes up, but will get creamed in case of a selloff and hedge my longs. :) -Lucretius