Message-ID: <32051768.1075852716259.JavaMail.evans@thyme> Date: Sun, 8 Jul 2001 13:54:52 -0700 (PDT) From: john.arnold@enron.com To: john.lavorato@enron.com, jeanie.slone@enron.com Subject: RE: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Arnold, John X-To: Lavorato, John , Slone, Jeanie X-cc: X-bcc: X-Folder: \JARNOLD (Non-Privileged)\Arnold, John\Sent Items X-Origin: Arnold-J X-FileName: JARNOLD (Non-Privileged).pst John: Here is my analysis of my guys: Mike Maggi (2) : P@L for first half a bit misleading. Up till today, he ha= s run and taken the P&L for 7 days. 3 days were in the first half of the y= ear and 4 in July so far. Running EOL is a law of averages...some days you= get killed some you do well. The second day he got massacred: T boone sol= d 3000 contracts as well as the floor selling on an illiquid day followed b= y gap down the next day. P&L for that day was -$7. the four days in july = have been really good, probably +$6-7. So I look at his P&L for the first = half of the year as Jan 1-Jul 6. That P&L of $15 is around my expectations= . runs low var. pretty good at running EOL when I'm not there. A little = too reactionary but hopefully more experience will help. makes most money = in market making, probably slighlty negative in greeks and negative in curv= e shift. Would like for him to turn both of those positive. A bit hadicap= ped because present format doesnt allow him to fully get physical info. Re= quired to spend all time in front of computer. needs to develop John Griff= ith to allow him to get off the desk more. good contrarian trader. often = has opposite position of floor. willing to stop out and is nimble. needs = to take more of a macro view of vol rather than ending up with everybody' e= lses positions. Vital for me to have him as a bbackup right now. Cannot f= unction without one of us on the desk. =20 Computer causing problems. will email with other guys later.