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Non-Tech : E4L, Inc. (NYSE: ETV)

ETV 14.22

+1.0%

Nov 25 4:00 PM EST

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To: Todd D. Wiener who wrote (96)	3/23/1997 10:13:00 AM
From: Donald A. Kerper	of 1080

Todd, What a thursday and friday! Had me on the edge of my chair most of both days to the disdain of my clients and kids. April 10s sure look expensive compared to May 12.5s Any thoughts? My thinking was that if the buyout occurs, it will be above 12. The buyout would make the 10's more valuable if in fact it is in the 16 dollar range. However, if no buyout occurs, the May 12.5's may be a good option trading situation if nm is able to break 10 with some strength and move forward. I do not have the resources to be able to judge the resistance in a move toward 12 but I've read that you feel there is a lot of resistance above 10 and through 11. Could you comment on this? BTW, I also have Aug 7.5s which are doing really well. They have more than covered the small loss I took with the March 10s. I really do appreciate your studied contributions here. Are you following any other option plays? Don

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