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To: HH who wrote (15426)3/18/1998 11:17:00 PM
From: SJS  Read Replies (2) | Respond to of 95453
 
Heyward,

Why do you think this is a strong push? This seems pretty clear to me as a relief rally based on some news and hope for OPEC. I'm not convinced yet, even with a few more days. Fundamentals are still not in place yet until the glut gets under control and all that production is met by demand.

I agree with a couple more days, but I'm writing into this rally.



To: HH who wrote (15426)3/19/1998 12:00:00 PM
From: Bazmataz  Read Replies (3) | Respond to of 95453
 
HH: Beg to differ. I don't think this is a "strong push". Yesterday was some relief b/c of the auction and hike in oil. Personally, I think we'll sell off today and tomorrow. Who will want to hold these for the weekend? Uncertainty still surrounds this meeting and hopes are weakly positive at best. The "market" hates uncertainty. I'm writing and selling into this strength. Sorry, but that's what I'm doing. We'll see lower prices again....

Baz