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To: KeepItSimple who wrote (31727)	12/30/1998 10:03:00 AM
From: re3	Respond to of 164684

That's the thought I've had for years, "you can't time the market", "you have to accept volatility", yada yada. What is it that anyone pays any of these guys for except to talk a lot, not make any stand at all, and wear expensive clothing...I think I've only found 2 relatively honest guys in the biz, Buffett and John Bogle...and they've made their money... anyway, KIS, isin't writing calls incredibly risky, i.e. if the thing goes to 4 or 500, how do you cover yourself, i.e. if the stock rises say 10 % do you throw in the towel. I was thinking of gambling again on the jan 195 puts, i.e. if its gonna fall, it'll fall big or maybe not at all..Your thoughts... Howard