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To: Paul Fiondella who wrote (44641)	1/9/1998 1:53:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 186894

Paul, re: "No I'm short the stock currently". Well, if you are short the stock you will either win or lose on earningsday. Us holders either have more paper profits or more paper losses. If it goes down we can safely add some more to our positions IMO. If you are a longterm investor it does not matter either way but since you are a shortterm investor you will have to take the gamble. It looks like you have done alright lately. I do some trading. Sometimes I win, sometimes I lose. But my longterm investments are doing fine. Personally I believe that no one knows for sure what the shortterm will bring. All we can do is hope. You are hoping for bad things or see trouble. I am hoping for good things and see hope for the future . This is a tough environment either way. My last 2 cents on that one. Sonny

To: Paul Fiondella who wrote (44641)	1/9/1998 3:01:00 PM
From: john defreitas	Read Replies (1) \| Respond to of 186894

paul, do you not feel that depending on earnings and post comments there will be a big push one way or the other....i have sold calls to protect my core holding down to $60 and bought some puts...but today i bought equal amounts of 77 1/2 and 80 calls....you have to believe that earnings will come in on the money or a little better or they would have pre-announced; however post earnings comments and indications for next 2-3 quarters which will have to be addressed will be the kicker and determine to direction of the price. all of me says its going down, but just in case...at least with my calls i can break even.....regards,john