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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: fred woodall who wrote (733)	5/7/1998 10:18:00 AM
From: VincentTH	Read Replies (2) \| Respond to of 2282

As of yesterday, we are at the upper Bollinger band. Today we are dropping towards the middle band. However, I believe the slack is just due to the takeover rumor fading. Look for the stock to rebound with the ^OSX due to seasonal demand in Jun. Just IMHO of course. My chart shows support at 22 1/2, but with the OPEC's effort in reducing output, I hope we won't be there. On the other hand, a market correction, will unlikely hurt a resource sector like oil.