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To: Mao II who wrote (3426)	3/10/1999 8:36:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Shorting VLNC today - a Bill Wexler bow-wow special. They don't get much worse for this. VLNC has blown more than $140 million and can't create a battery that sells. They now specialize in "revolutionary" convertible preferred deals to keep the company afloat. Lookig at VRIO April 45 calls at 1 1/8. Risky but interesting.

To: Mao II who wrote (3426)	3/10/1999 10:30:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Nice call on VRIO. No dramatic surges yet, but a steady tick upward. I chose the April 45 calls and had to chase them a little bit. If the trend continues, they should flip for a double or triple in the near future. Also bought CMGI March 150 puts to hedge the few long shares I have left. No idea what will happen there after earnings so I am hedged both ways. Between the common and the calls, I have taken profits in CMGI six times this year, and the last batch of common will be a nice profit too. The only downside I can see is that it distracted me from following CNET and NSOL.