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To: Robert Graham who wrote (3485)	11/21/1997 1:41:00 PM
From: Bob A Louie	Respond to of 95453

NE announces contracts on EVA-4000 conversions: biz.yahoo.com

To: Robert Graham who wrote (3485)	11/21/1997 2:31:00 PM
From: SJS	Read Replies (1) \| Respond to of 95453

Bob, Great analysis and helpful. My comments to Glen were on the most basic level, and only from the perspective of the limited tool set I have at my disposal - A real-time quoting capability and a 20 minute delayed quoting capability - I have NO L2 or L3 capability. I correlate the information I gave with what you gave, although your information is much more detailed and accurate for the professional trader with professional trading tools and what happens inside the business. Agreed that the MM are very, very good and us pygmies can only dodge the massive legs of the elephants for so long. Thanks for your post.