I realize it's still very early in the season, but Curt Schilling had a seemingly terrible outing today (4 IP, 8 Hs, 5 ERs). If the Schilling owner in your league panics, make sure to jump on it. Schilling had a 5/2 K/BB and 5 Ks in 4 IP. He allowed 4 GBs compared to 5 FBs. This doesn't add up to 5 ERs. Schilling should bounce back. Take advantage of this if possible. Another similar outing would make him an even better buy low candidate.
UPDATE 4/3: I read this morning that Schilling will 'pitch to contact' for the first time in his career in 2007. This does not sound like good for his fantasy value. He is more of a flyball pitcher to begin with, so a dip in Ks and a spike in HRs doesn't sound very enticing. I'll be watching his next few outings closely to see how best to proceed with Schilling. Even if his K/9 does decrease to 7 or so, he should still be able to keep his BB/9 low and his K/BB around 3.