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To: Thean who wrote (4173)	12/1/1997 11:44:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

I talked to some guys last week, and they said there was still 8 million shares left to buy. They were laughing at me because I was becoming concerned over the recent drop in the stock. Insiders appear to be buying in here. As far as support, 200-day moving average looks like the lower end, maybe a little less. I still don't think we'll see $26. The co. won't blow its wad in a week to support the stock above 30 when we get such massive selling, but they won't have to do too much to keep it in the current range. @ 13x '98 earnings and 8x '99 (assuming no increases in dayrates from current levels or declines) It's a fairly compelling bargain here. I've been nibbling on the way down, each time thinking we're going to turn the corner at which point, upon confirmation, I'd back up the truck. Haven't seen it yet, but I'd be very comfortable buying anywhere in the current levels. I consider it a steal in here! What do the tarro cards say??? Just kidding! -Lucretius