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

ETV 13.90

+1.3%

Nov 21 4:00 PM EST

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To: Todd D. Wiener who wrote (224)	9/21/1997 11:39:00 PM
From: John Arnopp	of 1080

Todd, I don't know how much you follow options, but you recommended the Sept. 7.5 calls a while ago (I passed, thankfully), but what do youthink of the October 5 calls @ 5/16? I think they could be profitable even if NM is not bought by mid-Oct. Don't you think the 8-K details should help, at least short-term, when we see who invested? Comments anyone? --John

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