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To: joe smith who wrote (42733)	5/8/1998 1:51:00 PM
From: Patrick Slevin	Respond to of 58727

My rationale is not always rational For example, the last hour or two should see a thin market so a wide swing could be there for the taking. Ratan's number is being approached and I may key off it around 2 ET. The psychology of the purchase will be anticipation of a sharp move in a rapid time frame into which I shall sell the long position out....if all goes well. The bonds are down, but not much, and the market psychology appears to be that the numbers are behind us and the market has to resume the upward motion. So, I intend to piggyback that thought for as long as it takes to get a point or two. I still have 4, I'll go to 8 and dump 4 for a point or two. All it is really doing is playing perceived intraday swings. Also, it keeps me off the street.