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To: Perry Ganz who wrote (26560)	12/30/1997 10:12:00 PM
From: Meathead	Read Replies (1) \| Respond to of 176387

Technically, it's called a bear spread. It's a good way to get get downside protection for little to no cost. But if the stock should rally, you get called out at 90. That aint too bad if you have a short term time horizon. One point to think about however, due to the nature of options, always try to make sure when you enter a postion like this it generates a credit and not a debit. MEATHEAD

To: Perry Ganz who wrote (26560)	12/31/1997 12:09:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 176387

Perry re: My thinking is we ran up the last two days on light volume.. The vol. today was greater then the last couple days, but still less then the neg. vol. we hit the 50 day line and turned back. It's hard to read much into vol. since many of the players are still not back, also, end the year actions gives false readings. I still believe the bias is to the downside. Watch CPUs earning report wed. morning for an indication of sales in the PC sector it should set the tone. IMHO Greg