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To: pt who wrote (24675)	6/24/1998 6:29:00 PM
From: P.Prazeres	Read Replies (1) \| Respond to of 95453

<<Briefing is reporting the cuts as 757,000 bpd. At >> don't forget that Cramer is short this secotr...so any negative spin on thier story is expected.

To: pt who wrote (24675)	7/12/1998 10:35:00 PM
From: pt	Read Replies (1) \| Respond to of 95453

Tempting covered call opportunity in FGII right now. With Friday's closing price of 24-15/16, the Aug 25 calls had a closing bid/ask of 2-1/8 / 2-1/2. If FGII manages to do no worse than hold at present levels through Aug 21, that's very close to a 10% return for a six week hold (before commissions). If it does continue to slide and you don't get called, you can be in FGII at a net cost of about 22-3/4. If you want extra protection, buy the Aug 20 puts with about $.40 to $.50 of the call premium. The numbers may change by Monday morning, of course... Paul