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To: Thean who wrote (526)	6/1/1998 12:36:00 PM
From: Timelord	Respond to of 14427

The thing that scares me is that in Dec/Jan we had trailing earnings to give us the illusion that everything was ok, and we had not seen the effect of dropping day rates yet. There will be no such good news to prop up the sector come July. In fact, even BD has bad news to report, if you missed this on Saturday: Message 4655428 Even if OPEC gives oil a boost and we rally for a while, there is a lot of negative news between then and earnings. Things look bad for the drillers for a while unless you trade S/T, IMHO. Alex

To: Thean who wrote (526)	6/1/1998 1:22:00 PM
From: SJS	Read Replies (1) \| Respond to of 14427

See if you believe it... _______________ What's wrong with Dell?... Ever since reporting better than expected earnings on strong revenue growth, the stock has been in a tailspin... Has the great ride come to an end?... In a word, no... Just as it did after its last big rally (Jan-Mar) the stock has simply succumbed to a modest bout of profit-taking... Though tough industry conditions generally, renewed concern over Asia and earnings season could keep stock on the defensive over the next week or two, additional losses should prove minimal... Stock normally pulls back between 15%-20% during corrective phases... Since peaking at 98 1/2, the stock is down 16.3%... For those investors willing to ride out some near-term volatility now might be a good time to do some bargain hunting in this industry leader..