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To: Thean who wrote (272)	5/15/1998 1:51:00 PM
From: SJS	Respond to of 14427

I think the risk on this particular trade is manageable for this side right now. I'm now in on that one paticular side at 7/8 as a test position for now. Dog seems to be, as well. I may add more depending on firmness. It's not a big exposure and I really think 20 is safe, or 19 1/8 for breakeven. That stock has not been under 20 for a while.

To: Thean who wrote (272)	5/15/1998 2:17:00 PM
From: Timelord	Read Replies (1) \| Respond to of 14427

We have a serious problem developing with the drillers, I've been quietly reducing my exposure the last couple of days. Wish I could unload PTEN & GW, but I'm too far in the hole on those. Thanks for the warnings guys... Alex