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To: John Doyle who wrote (46790)	6/23/1999 12:02:00 PM
From: oilbabe	Read Replies (2) \| Respond to of 95453

IMHO this is a false rally, and we are going lower. It feels heavy and the early rallies were sold into immediately. When the rally isn't sustainable on good news like last night's numbers, that tells you something. I got out of RIG this am with a little profit, and am on the sidelines for now. I think the risk is greater to the downside. JMHO

To: John Doyle who wrote (46790)	6/23/1999 12:03:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

I sold about 25% of my remaining FSESX holdings this morning and now have less than half the position I held a few weeks ago. But plan to stick with the rest awhile longer.

To: John Doyle who wrote (46790)	6/23/1999 12:04:00 PM
From: Gary Burton	Read Replies (2) \| Respond to of 95453

John-I am completely out of OSX at the moment--eg look at FLC--It 'needs' to do 5 waves down from 10.06. As of last night's low, it had done only 3 (10.06 to 9.06 then up to 9.50 then down to 8.19).Unless it can print above 9.06, today's trading will qualify as a '4' and it should rollover and print at or below 8.19 for '5'---after if does that, there is a good chance that that particular 5 waves down will itself constitute a 3 in a larger degree wave starting from 10.06, with the result that FLC could easily go into the 7's....my 2c. Pls note that i could well be wrong of course. so what i am printing here is simply what I am thinking to myself for trading purposes.