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Non-Tech : Invest / LTD

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To: Peter V who wrote (7126)	2/3/1999 4:02:00 PM
From: Thean	Read Replies (1) of 14427

Pete, don't feel bad, there will be next time. There is no sustainable basis to today's rally. If there is a war with Iraq, oil price will firm up a bit and the drillers will rally more, that's all. Being oversold, that's what can happen. A relief rally at best in my book. While I'm staying on the sideline for now, I want to see how RIG does tomorrow. A close above $27 would be very positive for RIG because that's its midline BB. I say it can go either way depending on the Iraq and oil situation. Won't bet the farm either way.

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