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To: Thean who wrote (14926)3/16/1998 5:32:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 95453
 
Thean-
whether or not the FLC rumor is true, it would seem appropriate to stay clear until it is resolved one way or the other....CDG has been really hurt by the Venezuela exposure(IMO) and been slammed more than others because of this.

As to new lows....only CDG is cracking the jan. low of 35. SLB at 69 11/16 is well above jan. low of 68(even tho Pisani said 70 was critical, 68 is more so). However, it's looking pretty dim right now.If we don't get a bounce from the GOM or OPEC news then it could be tight here for awhile. I'm not sure if Luc was looking at this bearish of a scenario...Well, LT? What say you? We know these puppies gotta go back up sometime.

PK



To: Thean who wrote (14926)3/16/1998 5:35:00 PM
From: Big Dog  Read Replies (2) | Respond to of 95453
 
Honorable Dog say -- Don't think "Golden Goose" only duck in farm yard. Careful not to lay all blame, or credit, on one goose. Take many gooses to make yummy stew.



To: Thean who wrote (14926)3/16/1998 7:32:00 PM
From: John Carson  Read Replies (3) | Respond to of 95453
 
I am no TA expert, but looking at the SLB chart over the last year, I see a classic head and shoulders formation. Does this mean if it breaks support at the second shoulder, the price goes down big time from there. NE also seems to be doing it. What does it mean for the sector when these two break support.

John Carson