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To: Judy who wrote (26413)	5/21/1999 2:09:00 PM
From: SE	Respond to of 50167

Switch and Reverse I think. Nemer calls it a sudden a$$ reverse. If you are long 1, you sell 2 to be net short 1. Short 1, buy 2 to be net long 1. Just changes your position immediately.

To: Judy who wrote (26413)	5/21/1999 2:23:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 50167

Judy, Did you enter CMGI today? I just went with a June 230c. Thought about selling the puts, but decided to just go with the calls. Are you familiar with SMTC? Tom