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To: Dale Baker who wrote (6049)	5/14/1999 4:24:00 PM
From: JSB	Read Replies (1) \| Respond to of 118717

But, did you see the option? With the buying pressure, it didn't move down but a buck <gg> I'm out of here......great weekend all. PS: If it doesn't come back before expiration, I will make it up to you personally. <vvbg>

To: Dale Baker who wrote (6049)	5/14/1999 5:08:00 PM
From: Steeliejim	Read Replies (2) \| Respond to of 118717

Thanks to Hoffy's heads-up on IATV I made a good trade at the opening. As you know, I tend to take large positions so the 3/4 point added up. Schwab came through again since it was a limit trade. I got 3/5 of what I wanted immediately. Within seconds the rest was out of reach of my price. I should have gone out and enjoyed the beautiful day at lunch time. But nooooo, I had to try to ride that NITE train one more time. Thought I spotted a good bounce off a bottom. Guessed wrong--NITE bounced like wet plaster. So I jumped right back off that train. Lost 1/3 of my gain on IATV, but still came out nicely ahead for the day. I'd sure like to have some input to the SEC regulators and talking heads re. individual investors not having a clue. I'm still learning, but I'm up for the year--doing much better compared to the indices and funds---and right now my risk is "0" using a trading approach that is totally contrary to what the "experts" push. I'm certainly a hell of a lot better off than when I had a full "service" broker who used me as a lamb to shear in the promotion of their underwritten stocks and load funds. It's the full service brokers with their pumps and promotions who ought to be investigated IMO. While I'm at it. Be aware of a bill that our Republican friends are promoting in Congress that would reduce the federal oversight of stock brokers. Their excuse is to end the "redundant" oversight, because the states have their own oversight functions. What they are really doing of course is the bidding of their brokerage company campaign contributers who don't like anyone looking over their shoulders. While I do not want any more fed intervention than necessary, we need more, not less, scrutiny and enforcement at the Federal level since the rules ought to be uniform and fraud does not recognize state lines. If it wasn't for the SEC rules and enforcers, the individual investor would be screwed. There--Had to get that off my chest. Have a good weekend all! Jim