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To: Thean who wrote (308)	5/18/1998 2:21:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 14427

Thean....keep some cash free for the drillers this week. This is looking like a replay of last OPEC meeting...If SDC hits 28 again(I can hope!) then I will go very heavy on LEAPS. Kuwait owns over half the stock. SDC is allocated in the Middle east. I expect that Kuwait will keep the land rigs working since they own 'em. This is all so familiar. No heavy panic selling....just steady selling all day with some fake outs at support. Oil is now at the low of the day....If it follows the previous pattern, the last hour should see it get to $13.90 +/- by the close then more selling tomorrow. It usually takes a few days for the oil dudes to get a meeting together so later in the week is a gut feel for the next buy in. I think the next OPEC cuts might do the trick since the summer driving season will be here by then....