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To: AugustWest who wrote (8332)	10/26/1998 4:44:00 PM
From: AugustWest	Respond to of 8545

Did anyone notice that three trades of 15,000 each went through at 15-1/2 in the last few minutes of trading? The late afternoon found renewed interest again. Someone still thinks it might be a bargain.

To: AugustWest who wrote (8332)	10/26/1998 4:44:00 PM
From: g_m10	Respond to of 8545

Just a silly math exercise. Last time CF bought back 4.7 mln shares @ av. price $.6.67. 4.76.67=$31.35 mln; Assuming that National sold to CF all 3.7 mln shares @ $5.75. 3.75.75=$21.23 mln; 4.7-3.7=1 mln 31.35-21.23=$10.12 mln It gives us average price of shares bought by CF on market $10 1/8. Again assuming, that CF was averaging down in equal number of shares, and knowing that the bottom was hit @ $6 and, than they started buying back @ $14. Math is a funny thing and too many assumptions. Still, seems to be they started buyback above $10, which is much earlier than I previously thought.