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To: The Perfect Hedge who wrote (13791)3/5/1998 4:56:00 PM
From: 007  Read Replies (2) | Respond to of 95453
 
EVI

Beeble,
A lot of weak hands got spooked by the merger announcement. Whether it's up a little or down a little doesn't matter at the end of the day today. What's important right now is that it seems that some large institutions are cleaning up those shares and putting them away for the long-term. This is a very bullish development.
Also, we had successful tests of 48 yesterday and today. Barring any dramatic drops in the osx, we shouldn't break 48.
007

ps On the other hand, institutions are dumping SLB. Watch out!