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To: BeachCrunc who wrote (8055)6/27/1999 4:33:00 PM
From: Dale BakerRespond to of 118717
 
More confessions - I bought RIG because I have no idea where the hell oil is going from here. Judging by the chart, RIG has to go up again because we have seen the worst that crude oil can do (down around $11). I bought RIG to hold until it hits the 30's again.

Could be next month or six months. I just didn't want to be out of the sector entirely.

Sorry I couldn't provide more analytical expertise.