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To: Bridge Player who wrote (6242)	4/10/2000 12:32:00 AM
From: Bridge Player	Respond to of 8096

I mentioned an MRVC vertical bull call spread here several weeks ago. The spread was long VQXJT (the October MRVC 100 call) and short RVYJT (the October MRVC 200 call). This spread can now be put on at a debit of roughly 20 points as of the close on Friday 4/7/2000. The offer on VQXJT was 31 3/4 and the bid on RVYJT was 11 5/8. This spread has the following characteristics if held until (or very close to) October expiration: Total loss at all prices under 100 (note that MRVC splits 2/1 late May.) At least breakeven over 120. Doubles or better over 140. 5-bagger at all prices over 200. Although MRVC is a long way from 200 now, it came within 8 points of that price just a few short weeks ago and could conceivably return there by October. IMO the next 2 quarterly cc's will carry good news on product shipments, integration of the Taiwan facility, and possibly an IPO in the 3rd quarter. With luck a trader might be able to leg into this spread at a significantly better price. BP