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Gold/Mining/Energy : Diamond Offshore DO
DO 13.990.0%Sep 4 5:00 PM EST
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To: Robert T. Quasius who wrote (4)8/17/1998 6:08:00 PM
From: LJM  Read Replies (1) of 101
 
I've been averaging down on a position I took in DO in the past 2 weeks at 32. I really feel we've got to be close to a bottom and as usual I was early, but I'm hoping the pain will end soon. Could not agree more with your (merrill) comments. The value at this level is extremely compelling, but things could go lower before higher. Hope we see higher soon.

LJM
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