[JoeRedskin]

As to lowball trades, I guess it depends. It may just be a feeler, to let you know they are interested but unsure of what you would be willing to accept. For lowballs, I generally reject if I have no interest or, sometimes, if slightly interested make an equally preposterous counter offer. If actually interested in off-loading the targeted player, I'll counter offfer with something I consider reasonable.

I guess it's all how you view the negotiations process. I've made a few lowball offers that ended up with good substantive trades benifitting both parties.