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To: AlanH who wrote (9709)	6/6/1998 12:39:00 AM
From: Magnatizer	Respond to of 42787

Alan In a interview in April he said he was going heavy into cash prior to May 15th. He has not said anything about getting back into the market yet. I really got the feeling today that he was waiting to see what happened this week. In the interview where he said he was lightening up on his positions he did say something to the effect that he was nervous. I did not think he sounded nervous today so my feelings are he has optimism toward the near term horizon for the market. ht david