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To: marc chatman who wrote (23288)	6/2/1998 6:10:00 PM
From: Don Westermeyer	Respond to of 95453

Short selling is the best possible reason for these stocks going down. I'd hate to think it was big MFs only starting to bail on the sector. Shorting stocks with great fundamentals is a sure way to the poor house in the long term.

To: marc chatman who wrote (23288)	6/2/1998 6:49:00 PM
From: 007	Respond to of 95453

Marc, reread my post literally; we are still in a downtrend. Perhaps this is a question of semantics. It doesn't take much to have a glimmer of hope (look up "glimmer"). IMO, SLB's up volume today was enough to provide a glimmer of hope. Beyond that, BHI had strong support. The key stocks in each subsector did well, ie. SLB, FLC, RIG, & NBR. The OSX traded positive and it rose in the final ten minutes on higher volume. Come on, it's enough for a "glimmer of hope". >As for the close, it may have been nothing more than some shorts covering< Agreed, but they weren't covering yesterday. I'm not reading too much into this. Tomorrow, we could easily have a repeat of yesterday, but there was a glimmer of hope today. OO7