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To: Broken_Clock who wrote (5333)	12/16/1997 10:31:00 AM
From: Redman	Respond to of 95453

I do what I can to put some extra change in my and my fellow investors pockets. Hopefully, all this green on my screen is a sign of the good weeks to come. green

To: Broken_Clock who wrote (5333)	12/16/1997 10:34:00 AM
From: Lucretius	Respond to of 95453

Here's some insight into the short seller psychi in this sector. I'm still waiting on another response from another short seller as to what info they are acting on. Looks like nothing more than "these stocks are high, they need to come down." I'm still anticipating a short squeeze at some point. Not right away, but within a month or so. Good Luck! -Lucretius <<<<<<<Teddy: OT Drillers - what's wrong with the stocks? (All my opinion) They were favorites of the mo-mo/hedge fund crowd all year Most are or were up 100% or more when the selling started Profit taking had to occur, especially with losses in the tech sector and year end selling They were a tempting target for short sellers I thought the consensus was WAY too bullish, especially among the public (a mistake I made myself with IOM in the past few weeks) Plus, I remember one Saturday asking you for a 10 point long trade and then looking at 15 or so driller charts. All looked like great shorts, not longs. So it was just a matter of picking which ones. I told you that NE would go back to 28 or less and you didn't believe me. That's ok - I don't want to believe people when they're saying things I don't want to hear. All that being said, I have seen a commitment of traders report which tells me this carnage may be nearing an end. So, hang in there and if you get good deals and have the money, think about averaging down your positions. Good luck.>>>>>>>