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To: soozathelooza who wrote (2442)	10/23/1997 2:32:00 AM
From: Willie Lew	Respond to of 95453

Strong stomach indeed... The upward momentum is still there... and earnings will probably make it continue...The sector is really good also... Willie >> and a strong stomach, one could make bank on both the puts and the calls.

To: soozathelooza who wrote (2442)	10/23/1997 2:46:00 AM
From: Michael Berkel	Read Replies (2) \| Respond to of 95453

Paul, I was considering doing the same thing, however the premiums one has to pay for both the put & the call together might be so horrifying expensive (for example 20%) that even with wild swings of 20% one can only break even or make just a small profit. Or are you suggesting writing & buying? Please elaborate a little how you envisage a profitable strategy? I was stopped out of FGII when it fell back from the high thirties to the high twenties in two days time. When I wanted to climb back, the stock had already taken off in the stratosphere and with the stock at 40 I am not a buyer anymore. Michael B.