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To: Rational who wrote (5462)	1/1/1998 5:21:00 PM
From: Rational	Respond to of 27307

Caution! If a speculative bear wrote these calls to an institution, the latter may be interested in not short-selling the stock rightaway IF it can keep the price high, say $90, that will force the bear to pay the institution back the money with a hefty return. We do not know who wrote the calls to whom and/or whether the institution can succeed in keeping the price high. There may be errors in speculations based on guesses and so I am putting this point on the table for discussion. The sheer volumes of the calls make the trades intriguing. Sankar