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To: tom pope who wrote (8772)	4/30/1998 12:24:00 PM
From: Susan Saline	Read Replies (4) \| Respond to of 120523

hi tom, been watching UTI for entry also odd that this should come down with earnings expected any day now. Maybe because they will have a big write off from the acquisition? I took profits on my short term shares at 18.50 yesterday on my 17.50 position, still holding the shares I bot last September for a long hold. If earnigs are good it'll gap up again like last time. But last Q it fell back just as fast, and on a GREAT earnings report. I may just sit this one out till earnings frenzy is over. Sue

To: tom pope who wrote (8772)	4/30/1998 12:42:00 PM
From: rocklobster	Read Replies (1) \| Respond to of 120523

Tom, There are some real knowledgeable people over on the strictly drilling thread. Look at the OSX index to get a broad view of the drillers and service companies. Look at todays chart , going down,, then look at a long term chart, intermediate resistance at the 118 level. Oil seems to have firmed a bit and I don't know anything about UTI, but I am short GLBL right now because I feel that the drillers and service companies will correct as they have many short term cycles and seem to be at the top of one right now. The problem with this logic is that when they do make a big move up, If your trading the short term cycles, you may miss the breakout. I just personally don't think the breakout is right now. If I wanted UTI, I would wait for at least 17. BWDIK. I am getting hurt on my GLBL short right now, as it is breaking out over my short sell at 22, so I might not have the best advice. Later, Richard