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To: Glenn D. Rudolph who wrote (11733)	7/25/1998 6:37:00 PM
From: Bilow	Read Replies (1) \| Respond to of 164684

Hi Glenn D. Rudolph; About that nasty hedge margin they are asking you for... Block trading only wants 5% margin for a hedged position. Normally it is used by daytraders who never hold net long or short positions over night. In addition, there is no margin interest on the 50% margin required for your long or short position during the day. (Actually, they rebate the margin interest to you, I believe, due to SEC requirements.) In any case, I think you can find a much better broker. Best of luck. -- Carl