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To: waverider who wrote (22744)	5/22/1998 10:24:00 PM
From: upanddown	Respond to of 95453

The rest of the day the volume was pathetic. The last minute spike was probably shorts covering for the weekend. DH, lots of stuff to worry about in this sector but low volume on a Friday PM before the first big holiday of the year is probably not one of them. Hell, half the street is trying to beat the traffic to the Hamptons by then. I still wish I had grabbed some FGII under 33 this morning. John

To: waverider who wrote (22744)	5/22/1998 10:34:00 PM
From: John Carpenter	Respond to of 95453

I am very pleased with FGIIs performance today. To advance 2% while the DOW and the NASDAQ declined today, is good relative strength. Even if we're talking about 1 year relative strength, I suspect that if one opens a recent Investor's Business Daily, FGII's relative strength number won't be too shabby either. John

To: waverider who wrote (22744)	5/27/1998 9:45:00 AM
From: Wayne Olive	Read Replies (4) \| Respond to of 95453

>> And Wayne, if your listening, you can add this one to the list of gloomster posts that are filling the holes here lately. << HydroC DiamondMan.. You are right to wait for the bottom and the opportunity pick up some jewels on the rise.. I've got my stash aside and waiting for bargains since I sold on the pop from news of the OPEC production/reduction agreement around two months ago (March 23) I think. The time comes closer as the sector gets bashed by the weakness of crude prices, with continued high inventory levels. I would buy only those that are the best in their areas.. those with long term contracts/backlogs unaffected by crude fluctuations, and RIG and FGII come to mind. I also have liked NE for a couple of years as they were building new deepwater capacity that will come on stream late this year and next, adding rev's and boosting the bottom line.. I wonder if anyone really thinks that OPEC will be able to hold the line and cause production/reductions..? I didn't before, bet my money that way. Wayne