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To: Lizzie Tudor who wrote (52797)4/26/1999 7:05:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
I don't know why pcln is so richly valued at this point though.

That is my concern with many of these. I am actually more comfortable with VERT except it is so volatile.

I have made a lot of mistakes being long in this sector. I wrte covered calls too often and the underlying security appreciates far above my expectations.

One handle I have is never to short these. The other is to buy the leaders but in moderation.

Glenn


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