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To: Herm who wrote (8446)	9/1/1998 6:52:00 PM
From: Daniel Liberty	Read Replies (1) \| Respond to of 14162

Good day everyone. What a two day ride we have had. I had to go play golf today to get my mind off the market. I sold 10 Jan 30 CPQ puts yesterday at 3 3/4 looking for CPQ to bounce back to the mid-thirties where I could cover. I am short 10 CPQ Jan 35s that I sold for 4 7/8 several weeks ago. I have been trying to cover these at 1 1/2 but the price never got that low. It seems like the premiums have gone up this week. Appreciate any advice since I am quite new at this although I have learned a lot from lurking on this thread. Best of luck to everyone. Dan

To: Herm who wrote (8446)	9/1/1998 7:03:00 PM
From: Douglas Webb	Read Replies (1) \| Respond to of 14162

Thanks... I'll take a look at PRD, and see where that can go. NYSE: (WLA : $71 5/8) $58,269 million Market Cap at September 1, 1998 Ranks 182nd in the Fortune 500 on Revenue & 104th on Profit. Employs 38,000. Trades at a 51% Premium PE Multiple of 49.4 X, vs. the 32.6 X average multiple at which the Drugs SubIndustry is priced. Hmm... I seem to remember checking this a few days ago, and seeing that WLA employs 40,000, not 38,000. Uh oh... Doug.

To: Herm who wrote (8446)	9/1/1998 10:54:00 PM
From: virgil vancleave	Read Replies (1) \| Respond to of 14162

Pixr looking good for nice bear trap. Stock has sold off alot and did not recover much today. I own some puts now and was going to take profits until I noticed the weakness this afternoon. Chart looks bad and kind of appears like a head and shoulders top. I don't think today was a buying opportunity. Historically speaking, recovery was not that good and market internals not very strong. I am thus still bearish. Add to that it is earnings warnings season where stocks tend to get decimated in short time. One that I am looking at is cof. It got whacked hard yesterday. Also, it looks very much like retail has seen a top. Check out aeos, bby, tom, bke, ames, and dmmc. Hope this gives you some more profitable ideas.