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To: DavidG who wrote (26652)	1/16/1998 10:41:00 AM
From: Thomas G. Busillo	Respond to of 53903

David, funny how Kurlak miraculously chose an expiration Friday to repeat what is common knowledge (okay, common knowledge to the bears <g>) - basically that the Goldman/Cohen/Joseph-created run wasn't sustainable. Gee, isn't it amazing that after all his warnings, all of these Kurlak clients are puking up MU? Or is it that he fact that this came on an expiration Friday after a pretty strong run is causing a lot of options traders to close out call positions, which in turn leads to selling by market makers, which in turn brings the heat on the asset holders... Kurlak is the best there is at getting maximum market impact (my Kurlak ratio = price movement divided by insight and let's face it Kurlak has the highest there is; no one does more with less <g>). Clients would have to be brain-dead if they haven't figured out by now that their axe ain't too sweet on this one. So a call on its own probably doesn't do very much. Abbey Joseph Cohen isn't going to be on the tout couch this weekend. Montgomery's John Joseph looks like his usual bad self (the guy is running neck and neck with Dan Niles for worst timing in my book; and as sad as it is for the small investor who took Joseph's call seriously and bought, I love it when a real firm like Merrill, warts and all, takes it to California IPO shop and shows it who's boss). Then again, the timing could all just be a coincidence. Good trading, Tom

To: DavidG who wrote (26652)	1/16/1998 10:41:00 AM
From: Patrick Koehler	Read Replies (2) \| Respond to of 53903

David, Tom and Larry, checking my records on past Kurlak touts, I found the results on the following positive touts on Aug 7 ,96 through Jun 25, 97 (need to update) 1. Stock gapped up each time on the opening 2. Avg increase from the OPENING price was 8.2% 3. The high occurred twice on same day, twice on the following day and tied once on both. 4. Once topping out by the second day, the average decline within 4 days was 7.2% 5. The least increase was 4.2% (from opening) and least decrease from the top was 3.4% Now, if this data were reversed for the negative comments, I would expect: 1. A decrease of 8.2% from the opening (30), or 27.54. 2. The bottom to occur today or tomorrow 3. An increase from the bottom within 4 days of 7.2%, or about 27.5*1.072=29.5 or 2 points from the bottom. Time will tell. I will wait for the buy signal from the computer. Patrick