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To: Lucretius who wrote (2136)	8/26/1998 1:25:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 14427

got a great put for you.....HOT.....a MB pick....with a pe of 49... B

To: Lucretius who wrote (2136)	8/26/1998 1:35:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Covered my Sept NKE and PPG puts earlier today. Want to reduce my overall put exposure as their premiums are ticking down the drain and the stocks are not moving. Will come back and buy a longer term put. Still hold KRB put as it will likely close on a lower low again today if the market holds up as it is when it closes. The evil tower got supported again at $28, but if it closes below $28 1/2, it is below the 200 DMA. No intention to cover this one.

To: Lucretius who wrote (2136)	8/26/1998 2:50:00 PM
From: waverider	Read Replies (2) \| Respond to of 14427

LT, I picked up some puts on DELL the other day was was considering shorting, but after this morning's action... The stock was down a point or two and I thought, cool. Then with the market tanking, the dang thing went back up a point in a flash. It was very difficult to cover my puts, but I did so because of that 15% loss limit rule I have on options now (after learning the hard way). I was down that yesterday at the close, but was "hoping" for a downtrend this morning...didn't last long. Anyway I get back from Home Depot buying cement (I swear I am responsible for at least 10% of the company's growth this year) and Dell is up 3 5/8ths. LT, you're right on most things but this appears to be a freight train that isn't going to stop for some time. I'm not touching it again until there is a definite downtrend established. Be careful. <H>