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To: Lizzie Tudor who wrote (46574)	6/11/1999 4:06:00 PM
From: BGR	Read Replies (1) \| Respond to of 86076

Michelle, While my CMGI puts are up about 100% today I am going to keep them over the weekend. The CC was extremely bullish (if you accept CMGI's business model as stable, which I don't) so I guess I should take the money and run - but a hedge is a hedge and I expect next week to be very volatile as well leading to CPI and options expiration. But I am salivating at the news of a hedge fund bailout, as I just do not believe that the present bond sell off is a reflection of the market's inflation outlook. The almost perfect vetical line that TYX follos since May 5th is unreal. -BGR.