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To: iandiareii who wrote (19965)	4/22/1998 11:25:00 AM
From: Robert Floyd	Read Replies (1) \| Respond to of 95453

DALY is up as much as twenty-percent in the last three days.

To: iandiareii who wrote (19965)	4/22/1998 11:30:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

Nice short #s. I must say that the risk/reward of shorting RIG seems foolish to me. I guess they are waiting for an "October Surprise" drop to cover. I sure don't see RIG or NE dropping back much. Interesting that the short interest is declining on TDW...I suspect that the floor is pretty solid on TDW and the shorts, at least the smart ones, are covering at these prices. Then again, on ESV today it looks like new shorts coming back in or just simply some profit taking.

To: iandiareii who wrote (19965)	4/22/1998 11:36:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Just a couple of comments on the short interest list. I'm guessing the high number for HAL has a lot to do with the merger as the arbs are possibly short HAL and long DI. I'm also guessing the high number for NBR may have something to do with their convertible issue (but that is strictly a guess). The jump in NE is pretty wild.