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To: Tony Wang who wrote (44862)	4/6/1999 4:30:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 53903

tony, playing mu is not a day to day venture for most people. most mu put players expect to lose more often than win. however, when they win, they expect to win big. if i lost 5 times on cmb (which i didn't), the bulls would be talkin' smack. when i hit the 10 bagger (which i did) i wouldn't hear a thing. the net result is that i doubled my money in cmb only to hear the bulls talk a lot of smack. you guys are comical. hey, i haven't lost on these mu puts yet. hmmmmm... in any case, mu is now 27 points below its recent high and 8 points above its recent low... ooooooooooooooo aaaaaaaaaaahhhhh...

To: Tony Wang who wrote (44862)	4/6/1999 5:05:00 PM
From: John Graybill	Read Replies (1) \| Respond to of 53903

Not much to say that hasn't been said already: tout-fest run-up! The local bears got all the warning they needed last Wednesday on the total collapse in put premium, explicitly noted here at the time. The quote.com 5-day graph since last Wednesday shows that this rise is nice and controlled in the medium-term even though it looks a little disorganized in the short run with gap-up openings, put-you-to-sleep flatlines, and 2:30 or 3:30 fake-out down-spikes on an almost daily basis. You're right to think reversal, but you didn't take into account the semiconductor tout-fest (ending tomorrow) and the MU analyst meeting (ending Thursday). I'll be trying to sell some calls on Thursday for the traditional pre-Expiration-week dump. (Stats on that tonite.) The only question is whether the broad market helps out by not dumping tomorrow afternoon.