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To: donald sew who wrote (38586)	4/7/1998 11:10:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 58727

donald Re: buy puts on pop Would you say that would include the Class 1 INTC? Gersh

To: donald sew who wrote (38586)	4/7/1998 11:17:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Yes I'm with you. Sell the rally. (Why does that sound so familiar?) Anyway, Lisa scared me with Plonks 1030 number, so I did a quickie re-do. My numbers were bullish, I have to say. The 1060 was optimistic, based on a belief that this market can't pull back a reasonable amount. However, if you would like the bear side of my personality.....most never do (Come to think of it, the most bearish scenario I can envision is a straight run to 10,000)....but my bearish side interprets a break as low as 1030 on the S&P cash equating to a further move to 985 or slightly lower move accompanied by a drop in the DJIA to circa 8250. Of course, to drop the market that low we would have to have Bill Gates cash in enough shares to send an expedition to Saturn to find potable water. He would not do that.... Futures currently up 260 basis points. Obviously on AMD's fine outlook. Duh.