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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (1323)	1/23/1998 12:36:00 PM
From: Hank	Respond to of 18691

Roger, My pick in the oil industry is again Stone Energy (SGY). They move very predictably with the fluctuations in oil price and are an excellent long once oil prices bottom. A very well run company too. Hank

To: Roger A. Babb who wrote (1323)	1/23/1998 12:41:00 PM
From: vegetarian	Respond to of 18691

Very interesting action on CFON and AVNT. Looking at the intrday charts, it seems both of them went down on a very heavy volume and then back up on a light volume (retail buys may be). In case of CFON the up movement clearly seems to be initial short covering when it hit 4 1/2, with AVNT it seems suckers are doing the retail low-volume buying pushing it slightly up.

To: Roger A. Babb who wrote (1323)	1/24/1998 1:25:00 AM
From: Michael Berkel	Respond to of 18691

Roger, my pick in the oilfield sector would be FGII, Friede Goldman for a long position. They build rigs and are growing >150% annually. Earnings are out soon. Stock has had a tremendous run and was hammered down. Mark covered ESV today. ESV could rebound greatly once the momentum in this sector is going to return, but that might take a while. We're still in that bear market and each time ESV goes up, it is subject to profit taking and falls back to where it is today. Billionaire Richard Rainwater has a stake in this well managed company. Hope this helps. Michael