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To: MonsieurGonzo who wrote (4442)	10/21/1998 4:04:00 PM
From: Jurgen Trautmann	Read Replies (3) of 11051

BOT LCR-AN (C Jan 70) @ 3 1/2. Volatility is good for call-prices. Of course it's bad when you're invested. (g) Some calls are sliding while their underlying is going up. Mathematics... Doesn't matter - I have every time of the world; at least till jan2000. Positive final. Naz very strong - has a lot to do for a adequate compensation of recent losses. Dong! Time for Guinness. This afternoon we saw another very nice pub here in Madrid, now they must show what they can. Jury

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