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To: MJR who wrote (835)	5/7/1998 10:35:00 AM
From: Jason Loren Bauer	Respond to of 2135

I wish I knew. If it's short covering we will see this baby close down to about 25. If it's buying (that's hard to believe at this point), who knows what they are thinking. I'm looking at the May 30 puts right now.

To: MJR who wrote (835)	5/7/1998 10:37:00 AM
From: Sonny Blue	Read Replies (2) \| Respond to of 2135

Short-term bottom at 27. A lot of short covering when it bounced from 27 back to 34. Look like we will settle somewhere in the lower 30s for the day.

To: MJR who wrote (835)	5/7/1998 10:43:00 AM
From: Lucky	Read Replies (1) \| Respond to of 2135

Based on recent trading I would have to think there is a short position of over 4 mill shares if not more.With the whole float close to short we might see a smaller version of KTEL here as the shorts scramble for stock now. Expect to see 40 plus by tomorrow as the sellers are gone and those thinking of selling regain some confidence and pull their orders.I went long at 30 based on the previous assumption. The shorts are now scrambling to cover before profits evaporate.