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To: The Ox who wrote (7117)	2/2/1999 7:57:00 PM
From: Thean	Read Replies (1) of 14427

Mike, What triggered MMCN's selloff from low 20's to the teens in the first place? If people are trading MMCN as a proxy to CSCO, then we are talking about a very fickered crowd in MMCN indeed. I notice it does not have a huge volume relatively speaking. Do you see anything of interest to MMCN from CSCO's earning report and conference call (if you heard it)? Look to me more like a trading stock than a real play with CSCO. Let me know more about this stock as I'm interested in monitoring its price activity for a while. TIA. Drillers - after the API's report tonight, OSX looks very poised to at least test its old low. Pete - I'm now more inclined to short RIG above $26 with a good chance of its breaking below $25 here.

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