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Strategies & Market Trends : APMP (formerly APM)

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To: jermoney who wrote (9927)	2/1/1998 1:15:00 PM
From: marc chatman	Read Replies (1) of 13456

Re: FGII. I noticed a nice little reverse head and shoulders on the daily charts. And if I'm reading it correctly, the recent volume looks stronger on the up days than on the down days. Some of the other oil service stocks are showing similar technical signs of having found a bottom. And fundamentally, I think the upside surprises outnumbered the downside surprises for reported earnings last month. I will be looking to buy into this group, particularly on any weakness caused by fluctuations in the price of crude.

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