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To: Nancy who wrote (50809)	8/26/1998 6:26:00 PM
From: FJV	Read Replies (1) \| Respond to of 58727

Nancy, I agree with you regarding Druckenmiller's pump & dump interview. Soros Fund is way long on American large caps, as he hedged vs. his HK and Russia positions earlier. He got burned big time on both foreign positions. He's now out of Russia at a big loss, but he's up to his ass short on the Hang Seng. The HK Monetary Authority is currently killing him by supporting the market. I believe, therefor, that he is looking for a relatively fat distribution point for what he has accumulated in GE, KO etal in order to appease his very well healed and demanding clientele who can't be happy about Russia and HK. IMHO, the CNBC interview was blatantly self serving, with an accommodating Ron Insana stretching it over 3 commercial breaks - unusual for CNBC. It was worth 50-60 Dow points - didn't hurt GE stock either. If and when we get a ST pop, he will dump heavily. BWDIK. Franco