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To: victorw who wrote (53870)	11/2/1999 1:53:00 PM
From: oilbabe	Respond to of 95453

Seems like the "earnings" related selling is over in FLC. Nice day trade if you played it right. Agree, there is little direction, which makes sense with the NAZ making records. Who wants boring OSX stocks, when you can buy those "high flyers"? They'll be back!!

To: victorw who wrote (53870)	11/2/1999 1:57:00 PM
From: ChanceIs	Respond to of 95453

VictorW - That's why I am holding CHK. From their Q2 earnings release: "Furthermore, in the second half of 1999 and through 2000, Chesapeake's shareholders should continue to benefit from the company's significant leverage to strong natural gas prices. We expect Chesapeake's 87% natural gas orientation and over 1.1 trillion cubic feet of proved natural gas equivalent reserves to provide excellent financial returns in the years ahead. Illustrating our leverage to higher gas prices, for each $0.10 increase in natural gas, Chesapeake's annual earnings, cash flow, and ebitda increase by approximately $0.10 per share and net asset value increases by approximately $0.50 per share." biz.yahoo.com You can do the math.