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To: Mike Gordon who wrote (2412)	6/24/1998 12:41:00 PM
From: Jane Hafker	Respond to of 10081

Mike, our own RR has already predicted a short drop today right before the meeting as a good time to jump if one hadn't already, or to jump the third or fourth time again at the last minute. But it's not exactly a dive here. 14 holding is precisely where it should be with nothing more than what's been out, wouldn't you say?

To: Mike Gordon who wrote (2412)	6/24/1998 1:26:00 PM
From: Seconds Out	Respond to of 10081

Mike, I was just discussing the same thing at lunch today. Not that normal profit taking isn't to be expected from time to time, but it seems to me that right at the start of trading we got pulled down on fairly high volume and then stabilized on more moderate volume. I certainly had thoughts the last few days of converting some of my equity position to options in hopes of magnified returns. I did not, but it got me thinking as to the effect that the start of options trading today might have on the price. My conclusion was that it would pull down the price in the immediate short term but would ultimately have the opposite effect.