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To: SJS who wrote (22092)	5/15/1998 12:00:00 PM
From: Don Westermeyer	Respond to of 95453

re: MDCO The 10-Q filed yesterday prominently mentions SE Asia several times. The market maybe spooked with any connection to Asia. Don

To: SJS who wrote (22092)	5/15/1998 12:04:00 PM
From: marc chatman	Respond to of 95453

Volume on MDCO is quite large, as well. 10k came out yesterday, I think, but I didn't read it. I don't want to speculate, but I was expecting downward earnings revisions based on the miss last quarter and the couple of rigs rolled over at lower rates. I have no idea, though, whether any analyst has done anything. Of course, most of the sector is in a downward spiral today. The OSX has been sitting on the trend line.

To: SJS who wrote (22092)	5/15/1998 12:05:00 PM
From: Big Dog	Read Replies (2) \| Respond to of 95453

Steve -- re MDCO, all I can say is I bought stock and sold the june 20 and 22.5 puts. I just love a bargain!!! I can give the Big Dog Promise that MDCO will be back to 23-24 by next week. big

To: SJS who wrote (22092)	5/15/1998 12:17:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 95453

I'll take a look but here's my quick take.... Asian flu is back. Indonesia by all acounts may well cause implosion in Asia triggering another chain of devaluations(read my prior post and the reference to Great Britain solution by AG). Interesting that Korea and Thailand were using gold to shore up the economy. Wonder how much they have left? ....as far as MDCO....heavy volume so that means at least one fund was getting out. We've had a lot of new money come in at higher prices recently. My question is....will they hang or at some point cut there losses if things get bleak? Oil dropped below $14.90 which, according to CRB, is (was) strong support and a triple bottom. $14.70 is next support so I wouldn't be surprised to see that if oil stays under $14.90 today. If troubles in Asia widen(again!) then oil may indeed retest the lows. This time our tanks are full so there isn't even anywhere to store it at bargain prices, further squeezing the suppliers. IF that happens then the warnings by ESV, HP(today), SDC, etc. will come to pass. Personally, I'm going to hang back a bit and see how next week plays out.