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To: Broken_Clock who wrote (25208)	7/6/1998 8:02:00 PM
From: Amelia Carhartt	Respond to of 95453

Please make me laugh again! Does this mean we are headed to zero after all?!!

To: Broken_Clock who wrote (25208)	7/6/1998 8:23:00 PM
From: marc chatman	Read Replies (3) \| Respond to of 95453

Is that a list of the stocks which will fall the farthest from here? I've become almost anesthetized to one or two point losses, but a point for VRC is 5%; even more for GLBL. I think the stock with the best chance of holding is SLB, even though it trades now at a ridiculously high <g> PE of about 25x trailing earnings. It seems to be in the most solid institutional hands, so perhaps the shorts will leave it alone. I can't see anything stopping the August futures from testing the lows seen for June and July, unless the data is wrong. And the only thread of hope I can think of is that old reference to cash-strapped Asian countries running down their reserves and needing to replenish. Of course, I have seen no evidence to support that, and I probably would have to read every post on this thread even to find the reference. So, I write that off as wishful thinking. Is anyone using out of the money puts to protect against another major downside move? I'd be interested in hearing any strategies.