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To: Sridhar Srinivasan who wrote (28080)	2/9/1998 5:07:00 PM
From: Skeeter Bug	Respond to of 53903

sridhar, just bought some puts today. short term anything can happen. i learned a lesson last time around so i only put down 50% as much now. i own april 30s. i'll let those ride. the current situation is much different than mu at $60. clearly, their was a disconnect between perception and reality that made the grand canyon look like a small creek. that is not the case now. analysts are now expecting losses going forward for a while and we are still in nose bleed territory. my 1/2 portion put is just in case the longs can't stomach a 25 cent loss this q. maybe they can. we'll see... good luck.