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To: Herm who wrote (7216)	4/4/1998 12:58:00 PM
From: Hunt	Read Replies (3) \| Respond to of 14162

Herm, Take a look at PLC, stock priced at 17 3/8X17 13/16 last price at 17 5/8. Options- May 17.5 priced at 3 1/8X3 1/2. I have never seen an option premium priced this rich before for a option barely in the money. Initial investigation of the stock shows that their main and what looks like the only product a heart laser is before the FDA approval at the end of the month. Talk about high risk for the company and that risk being reflected in the price of the options. I think I will take a closer look at this. Last time I played one of these was CORR about a year ago, thank goodness it turned out successful, definately not for the faint of heart.