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To: j g cordes who wrote (34575)	2/2/1998 3:50:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 58727

Hi Jimmy Just bought puts on ASMLF..... Own calls on GDT & SDG...earnings manyana... Jerry

To: j g cordes who wrote (34575)	2/2/1998 4:36:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

JIM, The DRG was up 36 points at the open and closed up only 21 points. That's a retracement of about 40% off of the intraday's high. If the DRG continues down tomorrow, then the reversal actually started today at the intraday high. My limit on the DOW was 8100 and yours was 8200, not too far apart. The XAL closed at its high, forming a big white day, so the buy-in day for PUTS is actually tomorrow not today. Well, CNBC is making the market really look rosey right now. Lets see if the old saying works. Seeya