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Politics : Ask Michael Burke

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To: Giuseppe Scalamogna who wrote (35185)	11/3/1998 1:45:00 PM
From: Merritt	Read Replies (1) of 132070

Giuseppe: I'd call you Joe Scalawag for saying that about analysts if I didn't agree with you.<G> While your remarks were addressed to MB, I'd like to put in my two cents worth about CXIPY and PGO. I think you're right on about their positioning in the oil service area...both are leaders in their fields and should have great long-term potential. Most of the big discoveries are going to come from the off-shore area, and both of these co's are going to benefit, IMHO. But, having said that, I sold my PGO last year, and missed this latest run-up...I'll be getting back in if goes down to the $17 area. CXIPY is a very volatile stock that I just sold yesterday, looking for a pull-back to the $40 area...but then I have a rather short-term view. Good luck, Merritt

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