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To: Electric who wrote (30940)	12/11/1997 12:08:00 PM
From: Rick C.	Respond to of 58727

Electric~Yes, PLAB is down, but, Who ain't?? I wrote the 22 1/2 level puts yeaterday BTW. IBM may be good to spread here, but I'd be tempted to wait for some sign of mkt. reversal or at least leveling off. Perhaps a straddle would be a better IBM choice in midst of this uncertainty. Kevin had a straddle on INTC a few months ago under much the same circumstances that proved to be one of best trades of year for me (even though it was in the opposite leg that I would have personally predicted the gain. <ggg>) Nothing like a little hedge in times like this. Rick