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To: pt who wrote (57312)	12/23/1999 2:49:00 PM
From: marc chatman	Read Replies (2) \| Respond to of 95453

It's a tough call on RIG (short term). I can't recall any significant gaps in this sector that stayed unfilled for too long, other than perhaps some island reversals. Maybe this will be different, but I wouldn't be surprised to see sub-28 RIG to fill that last gap. On the other hand, I wouldn't be surprised to see the gap left unfilled. Addition to the S&P indexes has been a nice catalyst in pretty much every instance I can recall. But it reached insanity levels only recently with YHOO. Maybe, because YHOO is fresh in everyone's mind, RIG is getting more of a boost on this news than it deserves. Of course, IMO, RIG has for quite some time been underpriced relative to its peers.