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

ETV 13.72

-1.5%

Nov 20 4:00 PM EST

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To: Todd D. Wiener who wrote (269)	10/11/1997 2:29:00 PM
From: John Arnopp	of 1080

Todd, Thanks for your sympathy. With such high volume, I don't think just because their tremendous losses were not as tremendous as expected that would push buying up so high. There MUST be more to it, which I can only guess will happen this coming week. Could some of the volume be Safeguard exercising their warrants? We'd have to wait for a 13D filing to find out, huh? What's a fair price to get out at, do you think? In the absence of any real news, would you sell at 10? --John

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