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To: up3up4 who wrote (30523)	12/5/1997 9:55:00 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 58727

Hi Alex: Haven't heard from you in quite a while. How are you? Still busy with work? I have not been trading the banks. Wish I had though. A friend of mine was in WFC yesterday for the incredible run. Overall, I think the banks are good for trading, but I'd play them on the call side (as opposed to the puts a few of us were doing in the March-April time frame). What else are you trading?

To: up3up4 who wrote (30523)	12/6/1997 5:52:00 PM
From: Sundar Rajan	Respond to of 58727

>> closed out my BAC Dec calls before market closed. I closed my BAC Jan calls unfortunately @ 9 1/2 and watched it go up another 2 points. Same thing happened to my MSFT, IBM and HWP calls. All these JAN calls were bought just before oct crash and looked like huge losers till the recent turnaround. I guess when u are that far behind the reaction is to get your capital back instead of hanging in for profits. Do u think CMB has a chance to get back to 124/125? I missed a chance to sell Jan 115's mid oct when it was @126 and it's never reached that high since then. I have a lot of Jan calls in AMAT, INTC and CPQ. Hopefully these will start moving up soon.