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To: marc chatman who wrote (56573)	12/9/1999 12:49:00 PM
From: Richard D	Respond to of 95453

Marc, I disagree slightly. If you consider how the day may have played had BHI not dropped 10 tons on the OSX, it would have been the day after a major intraday reversal, and the OSX may have caught some wind in its sails. I think the numerical OSX drop caused by BHI's stock has precipitated the vast majority of profit takers you allude to, as well as the panic stricken. It plays into everyone's convoluted technical interpretation of the OSX chart. Meanwhile, oil stands proud in the $26 range. People are so panicky, they can't see the oil through the rigs. Richard

To: marc chatman who wrote (56573)	12/9/1999 12:54:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Wow, the volatility in this sector is just incredible. OS can make the internuts look like steady eddies. We have had the Dow equivalent of a 300-500 pt every day this week. This sector is totally in the hands of traders and the mo-mo crowd. We need institutional support to move ahead here, especially from the value camp and this type of insane volatility can really turn off value investors. It certainly turns me off. The ridiculous thing is that this sector moves in long, slow cycles but is being traded as if the businesses are radically changing every day. What makes these moves even harder to understand is that the underlying commodities have been relatively stable this week. John