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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Melissa McAuliffe who wrote (176)	9/11/1997 5:53:00 PM
From: Marq Spencer	of 206

Melissa, At what price did you get into the ORCL Sept. 40? I was really busy this morning and missed the opportunity. As I said in my message last night, by watching this morning's market action, one would've waited until the market rebounded. It would have been easy to pick these up at 5/8 or less (intraday low or 1/2), once the Dow bounced off of 7580. The options closed at 15/16! Continue to watch the overall market. As Bob says, if we see penetration through the 7580 level, who knows. Otherwise, you should be able to take 50-100% by Tuesday. - Brian.

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