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To: Thean who wrote (4649)	12/9/1997 6:35:00 AM
From: drsvelte	Read Replies (1) \| Respond to of 95453

Thean: Great minds must think alike! What follows is a repost from AOL's O&G board. PEngr is one of the gurus from there as you are here. He correctly anticipated the November correction as well as the December turn. I don't like it but I'm not going to sit on my hands either. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< Subject: Retest?--Probable Date: Mon, Dec 8, 1997 23:48 EST From: P Engr Message-id: <19971209044801.XAA28421@ladder02.news.aol.com> We have enjoyed a rapid run since my 12/2, 12/3 posts. As stated in my 12/2 post, I expect that there should be some backing and filling ("a few months of base building"). However, since that time, the moves have been meteoric!! I think that the group is a bit extended, on a short-term basis, at todays prices. Most of the stocks are moving up on diminishing volume as they near 50 day M.A.s. I expect them to pullback from these levels---and at least make an attempt to retest the recent lows, although perhaps stop short by a point or two. I lightened up today, by selling 50% across the board (of the portfolio posted 12/2). Will sell more into strength, absent a correction to the recent run-up(s). Will post my re-entry(s) as and when they occur!!! All IMHO!! P Engr. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>. drsvelte