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To: MJR who wrote (13663)	5/6/1998 11:07:00 AM
From: Big Brother	Read Replies (1) \| Respond to of 17305

Note the May 50 puts have not seen any action for 45 minutes. BB Oops! Speak of the devil! All action at 14 1/4

To: MJR who wrote (13663)	5/6/1998 11:09:00 AM
From: Andrew Vance	Respond to of 17305

AV--I know what you mean. The May35 PUTs look very attractive (realistic premium) and as I stated to BigBro, if it gets to 2.5 on a bounce up in stock price, I would suggest a play here. After all, if we are correct and this does fall below $30, these PUTs are a possible 100% gain in value. The volumes being played on this ENMD are enormous with a great deal of money being made at the expense of others. Remember, for evey PUT bought, there has to be a willing seller. Andrew BTW-just an observation, but it seems that the action in the stock has cooled off somewhat. The volume is not increasing real fast right now. We might be experiencing a lull in activity. We might even have levelled out for the rest of the day. I think I would prefer this to happen. That way, when everyone gets done with their dinner tonight we might get another repeat performance tomorrow morning. I think the early activity came from the breakfast table or break room morning coffee crowd coupled with the horrid feeling people had at the dinner table last night<GGG>. I am sticking to my plan as we speak but am very tempted to liquidate everything a $30 and not wait for the $25 exit. But who knows until the trade is completed.<GG>