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To: Andrew Vance who wrote (13615)	5/5/1998 1:11:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 17305

Re: ENMD Options The largest positions are the May 60 calls (at 6 1/4) and the May 40 puts (at 4): cboe.pcquote.com I can't imagine they'd want a run in either direction until after May expiration in a couple weeks. As for the open, yes, I think there will be incredible selling pressure so perhaps they might tank it and then immediately raise it back up. If this happens, i.e. the reverse of yesterday, would not the best strategy be to cover shortly after the open if you are short and then look to reestablish a position (assuming there are shares available!)? - Jeff P.S. Happy Cinco de Mayo to our Mexican neighbors, Happy Children's Day to Japanese and Koreans, Happy Coronation Day to Thais, and Happy Liberation day to the Dutch.

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