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To: Douglas V. Fant who wrote (48304)7/21/1999 4:39:00 PM
From: Think4Yourself  Read Replies (3) | Respond to of 95453
 
Been out of town the last few days and just caught up. Looks like a number of folks panicked (WHY??) and got taken for an expensive ride (on well below average volume).

Did anyone REALLY sell small E&P's ahead of earnings?? If so, may I inquire as to your logic? Big E&P's didn't benefit last quarter (and this current quarter) because they got killed by their refinery losses. It was obvious months ago that that was going to happen - they even told everyone via the numerous news articles. Royal Dutch/Shell looks like it will report a disaster.

I need to hold. Cant afford the MASSIVE tax hit just to TRY to catch a piddly 10-15% pullback.