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To: Jacob Snyder who wrote (58034)	1/6/2000 4:14:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

Diana may have been right about SLB holders ready to sell quickly. There has been a huge increase in volume since the merger, especially since the distribution. The difference is that there have been plenty of buyers willing to pay up. I think the remaining SLB holders may be looking at the RIG action and deciding to hang on for a while. John

To: Jacob Snyder who wrote (58034)	1/6/2000 4:31:00 PM
From: upanddown	Read Replies (1) \| Respond to of 95453

RIG may also have been helped today by this nice credit upgrade from S&P. newsalert.com It also provides some good info about the combined fleet. Sure looks like the "Beast of the Deep" to me. John

To: Jacob Snyder who wrote (58034)	1/6/2000 6:41:00 PM
From: Dave	Respond to of 95453

Jacob: It appears to be early to determine if diana made a good call or not. I bought in Dec 98 and Feb 99 @ $24 each time. Being concerned about the federal tax situation (company moving out of US), I had decided to sell prior to the end of 99. I got a long term gain on the early order and a short term gain on the second. Also, FWIW, when I wrote RIG was about $29 and falling. I will give it a couple of weeks or so to see what happens. If it doesn't fall, who know, the tech stocks may be a bargain.?? I agree with you that the tech stocks may fall some more and the value stocks may be the way to go. I am not sure selling all of your tech stocks is the way to go because of taxes, but to each his own. Good luck in whatever you decide. Dave

To: Jacob Snyder who wrote (58034)	1/6/2000 10:01:00 PM
From: diana g	Read Replies (1) \| Respond to of 95453

Congratulations on RIG, Jacob! (and all who bought it in the mid twenties!) You did well! I missed out! I thought there would be a major dip when the new 110 million shrs were issued. I explained why I thought selling pressure would drive down RIG's price. But the situation changed dramatically when it was announced RIG was to be added to the S&P500. No more Index Fund and mimic selling. And RIG then was a much more attractive holding for many funds and individuals. ---I thought we would still see a lesser sell-off even then, and we did, but as we all know it was included in a general sector down move. So who can say what would have been? Maybe without that sector move there would not have been any RIG dip, and I'd have been completely wrong. Maybe it would have dipped more without the sector move. Who knows??? Anyway, RIG didn't get low enough for me to buy, so I'll not be buying RIG for now. My BHI (that I bought on the 12/09 sell-off and was going to sell to buy RIG) is doing OK, so I don't feel too bad. I'll just hold onto it for now. And, as they say, they'll be another opportunity another day. I'm pleased for all who did well with RIG --- I wish I'd been among you!! I think RIG is a good one to hold onto long term. But Jacob, your purchase, as I remember, was based on RIG's recent trading range, and ignored the (then) upcoming huge new shr issuance. ---You didn't expect the S&P500 inclusion, you were just trading a range. ---Based on your posts at the time, you hadn't considered the potential consequences of the new share issuance, and seemed in your post at the time of your purchase to be ignorant of the SLB/RIG situation. Jacob, you did well because RIG was added to the S&P500, --NOT because you made a good call based on an incisive analysis of the company and its situation. Jacob, I think you look silly posting a brag that <<<"... I said in December that the low 20s was the bottom, and it was up from there. ...">>> ---when what happened was that You Got Lucky. Nothing wrong with luck! But that's what it was, imho. Not you making a smart move. Luck. regards, and may your luck continue! diana