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To: DavidG who wrote (28610)	2/18/1998 4:17:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

DavidG If I told you about a stock that earned 4 cents last quarter and will have a loss of -15 to -25 cents this quarter, what would you say the price would be today ? ..................................................... That is where FA fails the test !!! No way can FA come out with 35 for this stock ! .................................................... FA does not work ! FA does not work ! FA does not work ! Larry Dudash

To: DavidG who wrote (28610)	2/18/1998 4:21:00 PM
From: yard_man	Respond to of 53903

Actually not a Forever bear -- thought about purchasing calls when it was in the 20's, even though fundamentals were and are not good. Fundmentals aren't everything, but they are not nothing either. It's not earnings, obviously, but future perceptions about the relative level of earnings. The larger opptys are when the price of the stock becomes significantly decoupled from more rational (I know -- what is rational, right?) expectations. The first two instances of this are history, but the third may be developing as we speak. MU at 45 absent some significant change in the market woudl make it very hard for me not to load up on puts, especially if the rise were rapid from here. Good luck to the bulls and bears, depending on the time frame of your trades of course.