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To: Bill Harmond who wrote (63152)	6/17/1999 8:21:00 PM
From: GST	Read Replies (1) \| Respond to of 164685

Like magic -- perfect executions on 'thousands' of contracts, and went long to boot -- er, I think. Me? I waited till the grim reaper showed up on Wednesday morning and took half my money in the blink of an eye. It was early and I don't operate well at 3:30 am -- but I flushed all puts from my accounts (those with bids), and put the ball of wax into MSFT calls -- hence I still have skin -- actually am up because of two good days for MSFT. Welcome back.

To: Bill Harmond who wrote (63152)	6/17/1999 9:32:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164685

It said there were almost 900 posts since I was here last, so I haven't read them, but let me guess. KIS covered all his puts Monday afternoon. Then what? Did he put all the preceeds into June out-of-the-money calls? Some were in the money and he bought July calls so spent about $2 million but he does not know how much he spent as of yet. The trade settled today. I hope he had a lot of free cash in his account since calls cannot be bought on margin. Every time I spend $2 million on a speculation, I like to know about how much I spend give or take $500K and also want to know if I have the cash available. I am kind of funny that way. It is never been an issue to me because I have never speculated in numbers that high. Just thinking out loud<G> Glenn