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To: ViperChick Secret Agent 006.9 who wrote (10839)	6/26/1998 1:40:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Lisa, I had an order in for a put on GM today, but it gapped down and I missed it. Problem with trading GM is most feel the problem is temporary and will be easily fixed. Stock only down 10% since the strike. GM is a fund holding, and once the strike is solved, the stock will return to the levels it was at before. You ought to look at TBR, like that person was saying, 100 is good support, I am dipping in at that level.

To: ViperChick Secret Agent 006.9 who wrote (10839)	6/27/1998 12:02:00 AM
From: j lawrence	Read Replies (2) \| Respond to of 42787

Lisa, >> for anyone looking at GM may be good for puts! I am reading this entire strike situation completely different. My initial reaction was to short the stock and try for some easy short term profits. I think that the stock does have downside potential in the next month. However, if the strike last past July 1st, GM will be putting out a signal that they will not be caving into the union demands. That may allow them to finally address their excessive cost structure. If the strike is long term, at the end of the strike, I will purchase calls near the strike price for six months out. Ford calls have been very profitable this year.