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Non-Tech : Invest / LTD
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To: Thean who wrote (7191)2/5/1999 8:27:00 PM
From: drsvelte   of 14427
 
RIG is now just 1/2 pt higher than DO. I think RIG has been higher than DO since the fall of 1997, always 1-5 pts higher. If this gap gets any closer, one can play the very conservative long RIG short DO spread. Everything being equal RIG is preferred over DO, unless some buyout is in the work for DO which I highly doubt.

I've noticed that diminishing gap, but your spread is really neat! I am holding FGI, GLBL, and MRL and but not playing the drillers right now.

INTV - really no thoughts here. I was long this stock in September but haven't followed it since. LT brings it up, so I posted this link.

Folks seem to be getting more nervous - this is good! But I just do not see an August selloff or and October decline in the cards. My totally gut view is that we will bounce pretty good next week.

VTSS is becoming a horse.
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