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To: edamo who wrote (112055)	3/25/1999 12:34:00 AM
From: PAL	Respond to of 176387

edamo ... about ready to hit the sack. ready for tomorrow. you have given good advice to those who are contemplating selling puts, especially have the capacity if being assigned. i just came back from the bank. hey, give me a home equity line of credit. well there is a goldmine that i can tap whenever i am in a bind. the cost: negligible. first year no maintenance fee, second year on $ 50/year regardless how much the line is. loan cost/closing cost: ZERO. rate 5.29% first six months (teaser rate), and then prime plus .74%. hey that is better than gm payes (if you consider compensating balance that gm has to maintained - i know gm pays prime). so i did my paper work, and should be ready soon. I might never draw, but in case i get a margin call (hope not), instead of selling a stock when it is down, i can just draw on the line of credit and weather the storm and sell the stock at a higher price (if i still need to) to pay back the line of credit. now have i made you more tired? good night talk to you tomorrow. paul