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To: Lucretius who wrote (15064)	3/17/1998 1:31:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Roman dude- I know you have orders in. You might want to wait till tomorrow or Friday. SLB(broken record time) continues to lead the pack...down this time. I have August SLB calls so I have plenty of time yet. However, SLB id in no man's land. 64 & 68 are support/resistance. Could it be a new trading range? CDG is at 32 and change. This for a company with 99 rev. projected at $4.40(99 PE of 7+ !!!). I am expecting the GOM lease to flatten the rest of the OSX down a bit thru friday. Amazing fact: this past 2 weeks the call buying in the OSX was intense. Looks like the MM call sellers made out like bandits. Remember those fundies buying 1,000 blocks and 2,400 blocks of OSX calls at 110, 115 & 120? Yikes! I don't think anyone expected this carnage. Very few put buyers but a lot of put sellers(that hurts!). Here's a really funny story. I bought some SLB puts for fun at 5/16 and sold 'em a few days later for 9/16. They are bid 3 1/4 now...he, he, he! PK