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To: Andrew Vance who wrote (12864)	3/20/1998 5:32:00 PM
From: Judy	Respond to of 17305

Hi, Andrew A quick note before the weekend. On the spread strategy the upper strike was selected for the reason given, the lower strike was selected since that should provide strong technical support unless some new adverse fundamental news is announced. This lets you accomplish your objective at the least cost, based on how I read the stock and sector at the moment. If you should be inclined to jump in and buy shares again when you feel that the stock and sector and market have corrected sufficiently ... don't jump! Consider legging into a synthetic leap long ... which is quite attractive when the volatility has been knocked out of the stock. btw, I may be employing this strategy for WFR when the yr21k leaps come out in June.

To: Andrew Vance who wrote (12864)	3/23/1998 9:11:00 AM
From: Papillon	Read Replies (3) \| Respond to of 17305

Ack! I went away for a second and lost my note, I think. Anyway, Andrew, apologies for not responding sooner. I, too, averaged down on PRIA, but not as much as I would like. A "day trade" with MRVC turned into a "short term" (hopefully) investment. Nothing wrong with MRVC; lots of European/Israeli exposure; not too much Asian exposure (may not be good, long term); all the analysts give it a strong thumbs up...it should move back up a couple or three points this week. Question: You mentioned that you are still counting on picking up some sub-12 IDTI. Do you still think it will fall back to that level. If Acer or some such OEM signs up, as some on the IDT thread think, won't it move up quickly? Your thoughts are very highly regarded here; don't know about elsewhere, but here they are. Be careful re: CIG, they're a fad, IMHO. Have a good week, John