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To: Tradegod who wrote (72430)	8/6/1999 4:39:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Glenn, good luck on your long position. I just wonder if this wasn't another spike in a long down turn. Sadly, if you look back over the last six months, the normal great buying opportunity has been the intraday reversal; a multi week downtrend, selloff morning followed by a rally to positive for the day on heavy volume. Exactly what we had yesterday. Unfortunately, these reversals in the past were followed by significant up days. Today was serious down volume with a close at the low of the day. Tradegod, I took the long position because I see the sector basing. I may be wrong. The markets were weak due to the employment numbers but I believe another rate hike is built in. The close at the low today was the day traders getting out with no profits in my opinion. I am looking for some move up next week and if not, during the fall. I wish I had been more patient for the 89 1/2<G> I surely can't say I know this will move up but this can be a long term hold for me. Second subject: Help me understand the bond prospectus you posted. Does this mean that Goldman Sachs is converting 274,000 shares at this time? Or perhaps had they shorted it at some time in the past and are covering today? Do they convert at the current market price or 156? Math seems to indicate 156. If they're converting now, why? Worried about the bonds? These filings have been going on by various firms for a long time. It appears the bonds were converted for the common at the coversion price of $156. I do not know why. I have not understood this as for a long time as firms have been converting. Thoughts that come to mind is GS wanted the common in place of the bonds and they covered ther short shares. I would be happy if someone could explain this to me too. Glenn