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To: The Perfect Hedge who wrote (8382)	1/16/1998 4:02:00 AM
From: John Carpenter	Respond to of 95453

I think most market participants view OPEC with skepticism- based on their lack of credibility from recent history. So expectations are low. If these guys ever get their act togrether and start acting like a unified cartel-this is a big IF-then crude could exhibit more strength. OPEC will be judged by deeds, not words. Good night to all-it's after 4A.M. in New York-I'm going to catch a few hours of sleep before the open.

To: The Perfect Hedge who wrote (8382)	1/16/1998 4:04:00 AM
From: Dwight E. Karlsen	Respond to of 95453

What's the emergency meeting about, do you suppose? Is that what you're asking I assume? I would guess they're worried about the price of oil. Can you imagine the fire it would put under these stocks if they announced some kind of production cut-backs, at least by the Saudis? I wonder what the chance of that happening is?

To: The Perfect Hedge who wrote (8382)	1/16/1998 8:15:00 AM
From: Teddy	Respond to of 95453

Today's action a non event: By comparing yesterday's closing prices with the Option Open Interest, it appears that most of our stocks are within 3/4 of where they should be. (I do NOT believe the Market Manipulation Theory. IMHO, "Pin the Strike on the Common" is a natural market occurance than generally begins 3 or 4 days before experation.) i would be surprised to see any of our stocks up or down more than $1.50 at anytime today. BTW, we got a nice snow storm going here.