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To: Clint E. who wrote (18057)	10/16/1998 12:21:00 PM
From: Thomas M.	Respond to of 67798

Hazards of daytrading? <g> A Bond Trader Elbows His Way Into the Market By JEFFREY L. HIDAY Staff Reporter of THE WALL STREET JOURNAL PARIS -- The darndest things happen when you accidentally lean on a computer keyboard. For example, you might sell 10,000 bond contracts on the Paris futures exchange without knowing it. It happened to someone at Salomon Smith Barney. On July 23, a trader on the Citigroup Inc. unit's Paris trading floor rested his arm on the F12 button of workstation number 201. Before long he'd placed orders to sell 14,500 10-year French government-bond contracts collectively valued at 7.3 billion francs ($1.3 billion). The contract price fell to 103.61 from 105.10. Buyers scooped up about 10,000. "We've done all these because we were on another screen and leaning against the keyboard, and I guess we were trading," the trader said at the time, according to a transcript of conversations included in a report by Matif, the French futures exchange. Salomon sustained losses of "several million dollars," said a person familiar with the trades. The firm later asked Matif to cancel the trades. Matif said no. A Salomon spokesman in London said the firm wouldn't comment. The hapless trader? He's still trading for Salomon, but watching his elbows.

To: Clint E. who wrote (18057)	10/20/1998 12:07:00 AM
From: Johnny Canuck	Read Replies (8) \| Respond to of 67798

Clint, I am out of town starting tomorrow afternoon for about a week to 10 days. I am going to miss the LU and NT conference calls. Can you post your impressions, if you get a chance to listen to them. I don't expect any surprises from LU. NT may be a wild card as they may try to pack all the bad news into the one quarter. As we have seen, NT management is not the best at managing the expectations of Wall Street. It is hard to say what they will do for earnings. Harry For what it is worth, this is the tick volume reading on TLAB from tcikertapedigest.com Selected Stocks Trading This Week Monday Tellabs Inc. (TLAB) jumped 2 7/8 to 47 7/8. It reported third quarter net income increased to 49 cents a share from 34 cents last year. Tape Action - Neutral. TLAB shows slight down tick volume Monday. The stock has rallied from 33 two weeks ago and now looks tired. ------------------ Network Solutions Inc. (NSOL) leapt 7 to 40 3/4. It said 13 European firms joined its international premier domain registration services program. Tape Action - Bullish. NSOL drives higher on expanding volume and strong up tick volume. There is overhead resistance at 47. The stock could carry a bit further before pausing. ---------------- Costco Corp. (COST) gained 2 7/8 to 54 7/8. It was recommended by Goldman Sachs. Tape Action - Very Bearish. COST's move higher Monday was greeted by clear distribution. The stock traded 4.9 million shares with down tick volume of 1 million shares. A peak is at hand after a 14-point run up in three weeks. -------------------