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To: jim_p who wrote (67042)	5/25/2000 1:00:00 PM
From: Wowzer	Respond to of 95453

For you short term traders CAM my be worth a play here. Got some at 65 5/8

To: jim_p who wrote (67042)	5/25/2000 1:06:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

Jim, many NAZ stocks are up against heavy resistance from some very important break down points. SUNW rallied up to 80 and hit the wall. While the day is not over, I don't expect much more out of the NAZ today. Before I declare the end to the NASDAQ bear market (and it is a bona fide bear). I'd like to see high volume take outs of previous resistance levels. The technician in me tells me that until we see that kind of tape action - the trend is still down. I'm starting to like the big cap S&P stocks much more than the NAZ. IMO we still need to see capitulation lows in the NAZ before it's all over. OSX is getting closer to a tradeable bull market bottom. I'll probably start adding soon.

To: jim_p who wrote (67042)	5/25/2000 1:42:00 PM
From: SliderOnTheBlack	Respond to of 95453

OSX 130 to 115: SLB -14 pts, CAM -18pts, SII -14pts, BJS -12pts in mere days ?!?!? Now; where have all the critics gone ? Michael H, Micheal Young, John "C" Clarke et al ? All those newcomers who walked into the Oilpatch at 125-130ish - got the ole whipsaw... especially since for the most part they snatched up the SLB SII BJS CAM - mo mo names.... ouch~ ...can't help but wonder what happened to all that margined money at the tops ? - after all; how the hell can we possibly go down with crude rising again thru $30 and $4ish Nat Gas (VBG)!?!?! - Can the OSX "REALLY" go down simulaneous to the combination price of Crude & Gas setting record highs ?!?!? - say it aint so ...whodathunkit ? ...someone send John C. Clarke a message - mwah - didn't miss nothin` ...except the downside and by the way - got to play the NAZ bounce again; and you know what - think it was pretty close to calling the NAZ turn within about 15 minutes prior to the turn...did I miss that one too Mr. Clarke ? - lets see how you spin this one a few months from now.... the sour grapes Chihuahua crowd - yip, yap - nip, nip. Now; if the NAZ rally fails here (I've taken some "trading" profits off of my buys yesterday as I was looking for better action in the DOW) and we get some negative inflationary news - and the overall market returns to a downtrend - we just may see OSX 110ish broke with 100 next support; especially if OPEC increases production - as it apparantly will to some degree. I have begun to buy here and am pacing myself to be fully in upon the equivalent of OSX 100-105ish; which would be very oversold on a fundamental basis - especially on an individual stock basis. The 10+ point pullbacks in the leaders - SLB CAM SII BJS is getting close to being fairly valued now. - any signicant further pullback and these become solid buys again. I still like keeping some cash and all my margin for individual trading opps as they occur; so I can leverage them - be they in tech, or the oilpatch. FLC - if it dips under $20 here... will certainly burn up some of my cash & $18 - see's Mr. Margin on full throttle; but you can't buy the FLC dip - if you were max'd out at the top; now can you ? NG prices amaze me here... I did not think we would maintain here - thought it would take the peak summer cooling draw to get to $4ish. NG pureplays - that are unhedged (or, lightly hedged) and that have strong expected 2nd half production coming online are in a position to print money. Those with clean balance sheets who do not have high interest/debt coverage - (as many who do are pegged to the LIBOR & their interest expense is rising)will flow that higher NG price revenue straight to the bottomline. THX & BSNX are looking very, very strong there.

To: jim_p who wrote (67042)	5/25/2000 2:03:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

jimp - how can people "load up" here at 115ish, when they were max leveraged at 130 ? I agree it is "now" time to begin buying - but, I don't think many here can - since they were allready leveraged so strongly from their comments of late - on how could anyone possibly be taking profits of late ? Can't buy dips when you stay leveraged at the tops and don't take profits ? $100K just traditionally leveraged 2:1 at .50% maintenace levels and holding $200K in stock that was held to OSX 130 is now worth just $170K and that original $100K in capital/cash - is now just worth $70K; a $30,000 loss on this pullback . And I would venture to say that the average player here certainly does use 2:1 margin keep .50 maintenance; many, many, many from prior comments, PM's etc go to the edge of .30 and "surf" at .40% maintenace; anyone who was carrying that leverage here of late - hoping to "goose" out those last few points, or expecting another major leg off of this return to $30 crude & with $4 gas - lost some significant money. Gotta run - couple of tech trades are running wild - PKTR & RVSN - go baby go....time to put some profits in the drawer - gotta be in a position to load the boat on further weakness in the patch. Ciao~