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To: HerbVic who wrote (21979)	1/6/1999 8:13:00 PM
From: Golden Bear	Read Replies (1) \| Respond to of 213173

"Marc, were you following AAPL on Level II today?" Herb, I now follow the "Lou M. theory" of Level II pricing behavior (see previous post). I witnessed lot's of tearful investors trying to Sell, hoards of greedy, panting Buyers trying to pick the bottom of the day's trading range, and at market close, several frustrated Hogs hoping for the last minute run-up, which never occurred. Off the horizon I could have swore there was a pack of hysterical hyenas, rolling in the grass. But they were spotted; their identities they would not confess. Marc D.

To: HerbVic who wrote (21979)	1/6/1999 9:45:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 213173

Interesting take on that. You are probably right that someone is hedging a short or put position. Linda

To: HerbVic who wrote (21979)	1/7/1999 12:15:00 AM
From: StilKrazy	Read Replies (1) \| Respond to of 213173

Huh? <<In the money calls this close to expiration? Looks like a hedge on a BIG other way bet. It could mean that this dribbling of the ball is about to end in an attempt on the basket. Anyone have a different take?>> I would, if I knew what you were talking about?