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To: Thean who wrote (1888)	8/18/1998 3:02:00 PM
From: SJS	Respond to of 14427

Thean, I actually don't remember the exact specifics of our discussion. However, this stock is moving with the wind. It's very powerful. It's overbought, IMHO, but won't seem to go down. It has resisted the weakness exhibited by many others, and is making new highs!! I try buying puts, but waste my money. This stock has such a strong underlying foundation. Frankly, I'd love to advise you on this, but this stock appears bullish and ready to move to 60 in spite of the market's eroding fundamentals and my overall bearish outlook. I'd structure a position in one of two ways: 1) The stock is overbought technically (you can easily confirm my analysis here). Buy short-term puts, and LT calls, or write naked covered calls ST. 2) The stock will shrug off it's technical overbought condition and ride the upper BB up, regardless of the market conditions. Buy ST calls, Sell ST puts (risky). 3) I can't determine if I'd sell or buy a straddle here. The stock won't move dramatically, I don't think. Scratching my head....