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To: The Perfect Hedge who wrote (12499)	2/23/1998 12:04:00 AM
From: Dwight E. Karlsen	Respond to of 95453

re The 64k question is when will that turnaround come?IMO,not for a long time unless Opec meets and cuts output. It's incredibly difficult to time the market, some say impossible. Who for instance, would have predicted Dell going almost straight from 80 to 129? That's 49 points, more than enough for a 5-10 bagger, even if one used further out expiry options. Yet I missed it, although I have been real busy with other work and wasn't really watching Dell very closely. Yet, if one just got in at a fairly decent price (anywhere, anytime in Dec - Jan. 98, with a 2,3, or 4 month expiry cushion) and ignored the proceeding flucuations, you'd be a big winner today. I feel like a dolt for missing out completely on that one. DK