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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (12894)	4/5/2000 10:56:00 PM
From: SJS	Read Replies (1) \| Respond to of 14427

The GLM sell is a bad call. The stock's going back to 26+, for better than 15% return in a week to 10 days. -------------- NEW YORK, March 15 (Reuters) - Global Marine (NYSE:GLM - news) has set a new top dayrate for a jackup drilling rig working in the U.S. waters of the Gulf of Mexico, Southcoast Capital analyst Robert Trace said Wednesday. --``Yesterday, we uncovered evidence that GLM has signed a contract for the Glomar Baltic I to go to work this month for one well at $58,000,' Trace wrote in a research note, citing this as ``additional evidence that the U.S. Gulf jackup market has resumed strengthening.' --He concluded ``we expect additional dayrate increases of 15 to 25 percent during the second quarter.'