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To: gambler2 who wrote (32341)	4/22/1998 1:49:00 PM
From: Kathleen capps	Respond to of 53903

I was wondering about that. Wouldn't that be a kick (downward) for MU.

To: gambler2 who wrote (32341)	4/22/1998 1:53:00 PM
From: DavidG	Respond to of 53903

Gambler, I was just posting about that, then scratched it. What bothered me was that MU is included and not TI, AMD INTC and others.<g> My feeling is that index will be one wild high beta index. Not sure what it will indicate but will be curious to see. DavidG

To: gambler2 who wrote (32341)	4/22/1998 2:03:00 PM
From: TREND1	Read Replies (2) \| Respond to of 53903

gambler2 I think using MU is correct for two reasons (1) MU owns a large part of MUEI (2) MU makes Dram...and dram is in every computer. Larry Dudash

To: gambler2 who wrote (32341)	4/23/1998 2:12:00 AM
From: John Graybill	Read Replies (3) \| Respond to of 53903

I called PHLX as soon as I saw this and got the word straight from them: Yep, it is indeed MU they want. They gave the same reason Larry came up with: MU owns most of MUEI. But that is not logical. MU owns most of MUEI, but MUEI is not most of MU's business. MUEI moves more like the other box-makers, MU moves more like a contract for 40 tons of soybeans. The guy at PHLX tried to blow a few smoke rings over my head, "MU owns most of MUEI, and MU is a more liquid and higher-capitalized stock like the rest of the ones in the index", "MU is a more active stock", etc., until I stopped him and said, "Look, we're both grown-ups -- MU is more volatile than MUEI, that makes the index move like hell for no reason whatsoever, and that's good for option writers, and that's you!" That stopped him. "Yes, that's essentially the case," he said.