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To: Thean who wrote (10126)	1/29/1998 3:54:00 PM
From: The Perfect Hedge	Respond to of 95453

oil up .50. An oil trader was just on CNBC.He said the price rise is due solely to Iraq looming.He thinks if it gets solved diplomatically that we will see new lows again.If we bomb we might move up to 20/barrel but then we'll go back down again.He's bearish.GD

To: Thean who wrote (10126)	1/29/1998 3:55:00 PM
From: Bazmataz	Read Replies (2) \| Respond to of 95453

Yeah, GLM now down to 23 7/8, lots of selling pressure coming in. RDC are FGII are holding steady, but starting to come down too. BC

To: Thean who wrote (10126)	1/29/1998 4:02:00 PM
From: SJS	Respond to of 95453

I didn't hear his speech, but I know we've got a couple (now 3) days of good gains, and we should consolidate. We can't get back 40% losses in a week. It took is 3 months to get down here, I'll like a steady gradual retracement, which would be healthy. We getting some good coverage. NE's earnings were good. Also, while I don't like Pru (and get leary of their reasons for a recco), many do. Their recco of NE, GLM, MDCO ironically hit close to home (as I own all three...) and DO was fine by me. I do like SSB and their reccomendation of ESV helped the sector. GLM will be over 25 at options expiration. NE close to 30, and MDCO at 19.25. Crude is still strong....but we know there is no correlation.