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To: Thean who wrote (395)	5/21/1998 10:54:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 14427

Thean...you got your "W" with MDCO!

To: Thean who wrote (395)	5/26/1998 8:59:00 AM
From: SJS	Read Replies (1) \| Respond to of 14427

Thean, Yes, a relook indicates that MDCO is "surfing" the lower band, and not yet violated it completely. Since I way overestimated this downswing on the put side, my call write option now would be predicated on the strength and height of the bounce. I gotta believe that with 9 straight down days, MDCO has to reverse, and your "W" scenerio is probably correct. Actually, I would like to write the 20's as they may be juicy if the stock bounces, however, I am also reviewing the "cut and run idea" where I suck some premium out of these put options and then buy them back. I don't think owning this stock at 19 is that bad, and can write the 20's and 10% return. I am basically in a wait and see mode, with probablility on my side that we don't get a 10th or more down day....