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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: Leo J. Bourne who wrote (14)10/3/1998 11:21:00 PM
From: MMW   of 101
 
It seems to me this stock will move up once a positive earning report
shows up. I think people afraid to buy it due to earning out look
does not positive for this quarter. If next week we don't see the
warning, I assume the company is on the target just like last quarter.

I feel the deep water contracts were signed a couple years back. It
should not affected by recent oil price. I don't know if the new
contracts for a couple year out are priced down. Apparently, the
market thinks so. Can anyone comment on it?

Cheers!
Mike Wu
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