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To: Jan Crawley who wrote (7074)1/28/2000 6:43:00 PM
From: S. M. SAIFEE  Respond to of 10027
 
I hope we saw the bottom @ 30...we had five weeks of correction. MACD seems to be bottoming could take another two weeks to get above 40...I sold Feb 45 calls against my recent positions around 37. If we did not have Buttes sell rating the stock should be sitting at 40 plus. I have very large position and I am not worried...premiums on calls and puts alike are very juicey.


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