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To: RGinPG who wrote (16177)	3/23/1998 4:54:00 PM
From: Bazmataz	Read Replies (6) \| Respond to of 95453

A few things that piss me off: read if you dare.... 1. Griffith's on CNBC saying, "How can we really believe this is really warranted?" Really trying to say these stocks are dogs. Analyst saying these stocks gapped up and were very strong. Pru analyst saying HAL and SLB are going to do very well over next few years. Griff said, "Yeah, but aren't there some that you DON'T like?" Analyst mentioned Baker-Hughes. Said land drillers have a lot of upside potential. Griff said, "Yeah, but these prices of these stocks are already pricing in a MUCH HIGHER PRICE OF OIL. These stocks are closely linked to the current price of oil and are extremely sensitive to it." Analyst also said that was stupid. Said we could see backing and filling in next few days and said we will see good production declines and we'll all look back next year and say this was a great time to buy. 2. What's the damn deal with Merrill? Seriously, is there a legal way to see when and what Merrill bought, especially when they were initially, "pounding the table", then downgrading every stock and earnings projections they could find, then a week later upgrading all our stocks? How can we find out what they actually did at this time? 3. Did Merrill actually upgrade GLM TWICE today? From hold to NT Accumulate then from accumulate to LT Buy! All in the same day. This when just last week they were saying oil could go to 9 or $10, whatever it was. Now all of a sudden, at HIGHER prices, they LOVE the stocks. I'm being totally serious about exposing them.. Why isn't CNBC mentioning anything like this? I'd think Kernan or Faber or Haines would've said SOMETHING. What's up? Thanks for listening everyone. Anyone care to add or suggest? Baz P.S. Nice day and snaps to all who were holding today. Keep your stops tight!

To: RGinPG who wrote (16177)	3/23/1998 6:56:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 95453

I'm not selling anything either. Stochastics are great when the stock is going up and down with little in the way of major news, but like you said, when the trend changes, forget about stochastics. Dell's major run from mid 80's to almost 140 started when the stochastic was above 80. The news over the weekend from OPEC was almost too good to be true. It was THE watershed event we had all been hoping for. My eyes bugged out on Sunday when I read the WSJIE headline; I almost had to pinch myself. An earlier Yahoo news article referenced by Judy mentioned that "most fund managers are underweight the oil sector". Add to that fund buying (if they want to get on board, they'll be buying) and the mo-mo crowd who've got tired of pumping up Dell 'til it won't go any further. When I bought RIG call options on Feb 20th, my first target was 53, then 65. RIG today already was in the 51-52 range. Anybody notice the volume in PTEN? Something like 600% above normal, with +6 M shares changing hands, with stock up over 20% for the day. I think this may be what is termed a "flat base breakout on heavy volume", which basically insures higher prices in the weeks to come. That PTEN chart will attract some chartist and wave theorist types, when it comes bubbling up onto the screen courtesy of stock screening software. I bought, in the last half hour, call options in PTEN (May expiry), CDG (May expiry), NE (May expiry), PTEN (April expiry), and UTI (April expiry). Still have my other batch of calls purchased Feb. 20th, with the exception of the DO calls, which expired. I expect that the next few days will be spent in consolidation, but after that, the uptrend will resume (IMO).