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To: Andrew Vance who wrote (13191)	4/6/1998 4:32:00 PM
From: Trader X	Read Replies (1) \| Respond to of 17305

Dominos, anyone? That's what I call Foresight, Dell in the late 1980s. You deserve a metal for getting into Dell back then, when it was just an elf of a company. Here's a macro economic reason to back your worries over the market. Gold: chart.yahoo.com As you may know, there's an inverse relationship between the price of gold and the price of the long bond. One has to wonder if bonds can maintain their current level with gold prices rising. And of course, a falling bond market would have a disastrous effect on the stock market. It's the Domino Effect...and the first domino to fall is Gold. Stay Tuned <ggg> X

To: Andrew Vance who wrote (13191)	4/6/1998 4:45:00 PM
From: Yiqun Xie	Read Replies (1) \| Respond to of 17305

Would you please comment on CFMT and CRUS? CFMT is drift down recently. Current price is very close to its 52-week low. SI thread is very quiet. CRUS is at the low end of its recently trading range. It is also very close to its 52-week low. Some people are blaming incompetent management on SI thread. I am a little worried about cash burning rate on MiCRUS and Cirent due to fab over capacity. I noticed that CRUS is still on your million dollar portfolio and CFMT was your favorate roller coaster. I am watching both stocks closely now and want to check your opinion and other's opinion whether they are good buys. Thanks in advance.

To: Andrew Vance who wrote (13191)	4/6/1998 4:49:00 PM
From: Patrick Slevin	Respond to of 17305

Funny. I had a wonderful day. I think the only trade I backed off was to become a killer trade at around 3:50 ET. The futures dropped almost 9 points in 25 minutes....suggesting a rocky open tomorrow. On CCI, it is my belief that this deal will not fly. I think it is wise to sell into it. I don't remember the legislation....I think it's Smoot-Hawley....but Congress, as I recall, knocked down a bill to void it. The legislation I'm referring to bars the joining of Banks with Stock houses and insurance companies. If I'm right, this deal could go south. So, hedging the profits is probably not unwise, at least I don't think so.

To: Andrew Vance who wrote (13191)	4/7/1998 2:55:00 AM
From: nigel bates	Read Replies (1) \| Respond to of 17305

Take a look at ARM. IPO's today. I like this both short & long term. nig

To: Andrew Vance who wrote (13191)	4/7/1998 8:36:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

Early guess. If you care for a gamble, that is. Feelin' lucky, Punk? Buy Index puts....OEX if you like, probably May 535s or April, if you feel real lucky.....at one of two times. Either 10:20 ET if the market is rallying and moving higher....or 2:25, same scenario. The gamble is to try to pick them up around the high of the day and hold through next Monday. Perhaps only Thursday if that day produces a nice selloff. Worst case scenario? Inspector Callaghan still has a bullet in the gun. EDIT: Most of this logic started from the bottom of this post Message 3965356 but I've noticed other things as well that lend a high percentage probability to this plan. I don't play options anymore....but this time I might.

To: Andrew Vance who wrote (13191)	4/7/1998 8:02:00 PM
From: Andrew Vance	Read Replies (2) \| Respond to of 17305

AV--An interesting side note to the CCI situation. Running some numbers. $150 profit taxed at 20% equals $30 capital gains tax (or is it $30 taxed at your ordinary tax rate of 33% making the actual tax $10?<GG>). Well, with the $15 drop today in price and the ~$15 made on the CALLs ($10 if you consider taxes of 33% ordinary or short term gain), it looks like Mom "Beat the Street" and managed to keep her entire profits on 50% of her holdings, at a minimum. Question for the night is, "What is wrong with this picture??" Did we figure out a great play to realize close to 100% of the gains w/o a tax liability. It almost makes sense for her to buy back the shares when it bottoms out and create a new basis price going forward. Doesn't look like she is out of pocket any $$$ for doing this. Andrew