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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (3929)	2/5/1997 1:02:00 PM
From: Patrick Slevin	of 6124

Whacked ............ When I first read your post I thought you were kidding me because all my positions went to zero. Then I realised your Excel sheet did not have current trades. By the way, I closed out APM @ 51. (15 points in 6 or 7 days?). The WDC/RDRT rumors bugged me. If what I hear is true, the scenario you don't want is RDRT to buy APM. So the hedge is to own March RDRT puts againest a percentage of your long position. My replacement for APM is LBMSY, offered @ 5.12...target $10 by August. If you were up at 3:45 (your time) Monday morning you would have seen me on CNBC. My nephew & I were on the edge of the Bund pit as it was making a short rally. He was showing me some hand signals I had not seen before, then said turn around...we're on TV. My guess is the Brits never saw anyone in the pits with a Harris Tweed jacket on & wanted to crack a joke about the Yank who did not dress correctly. Did you see it? IOM. Let 'em fight. Seems most wanted to buy in higher...with the stock @ 16.87 SM is the only one who picked the correct price so far. Seems like good support there, but I ain't killing my cat over it.

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