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To: SliderOnTheBlack who wrote (23656)6/8/1998 7:21:00 PM
From: Broken_Clock  Respond to of 95453
 
SOTB....you make some great points and all of us who have been thru this since Nov. last are well aware of the points you make.

Personally, I thought two weeks ago we were gonna rebound by now as we headed into the OPEC meeting. now I'm not so sure. Having only met about 60% of the cuts that were agreed to last time, the "cartel"(ha!) has shown all too well that they haven't the will to proceed as planned. Last time the cuts came in below expectations and then weren't adhered to. Why will the same scenario not happen this time?

These guys are a joke. By the way, those targets you are setting might have to be readjusted. RDC, ESV, SII are all breaking down very hard now. Todays clsing prices were very grim.



To: SliderOnTheBlack who wrote (23656)6/8/1998 9:48:00 PM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
Thanks. The fact is, I guess I would be buying now if I weren't already maxed out (& then some). So I will be hanging on as long as possible.

Thanks for helping me become less Beeble-fied.



To: SliderOnTheBlack who wrote (23656)6/9/1998 8:31:00 AM
From: Snewts  Respond to of 95453
 
Slider, thanks for your words of wisdom. I needed that. I am fully
invested in this sector, and in a great deal of pain. As one who
expects a margin call any day now, I am not in a position to take
advantage of the bargains. If I did have additional resources, I
would buy more RIG and FLC. I don't see how you could lose at
these levels. I like your other choices as well.