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To: drsvelte who wrote (1128)	7/16/1998 9:52:00 PM
From: Thean	Respond to of 14427

Doc, Remember the half year profit number you posted several weeks ago? That was a nice number. Also, remember how I was going to approach the 2H - I was going to place #1 priority in preserving capital. If I were you, I would not get too easy with those hard earned money. If that gain % drops to a certain "critically minimum" level YOU want to have this year, you can get out clean in everything and do nothing for the rest of the year and you would still preserve that gain. For perspective, a 50% gain per year is spectacular. A 100% gain is extraordinary. I would not lose sight of these big numbers. Having achieved great number and lost it all back before, I would say complacency has no place in investment. One has got be a scrooge to be rich, every penny counts! <gg> Papaya - I had you all dazed and confused on VTS? Or you meant to say I probably saved your ass today! <gg> Dumb luck (or is it bad luck?) had it that I got filled on my teaser limit buy order on FGII at 25 1/16 today. The MM probably came down to sweep the stops but why did they fill my order I don't know. The drillers will first try to track the direction of crude tomorrow. If no upside momentum is realized early morning, they will fade all the way into the weekend. Don't think they will fade all the way to the low of Monday but fade nontheless. On the other hand if oil can trade in high 14's in early anticipation of another good API number next Tuesday, then the drillers may trade in a narrow but directionless range tomorrow. They will be up if crude is strong going into the weekend, like trading above $15 for the Aug future. The spread between Aug and Sept is widening a bit as of close today. It was abot 21-22 cents yesterday and it is 27-30 cents now.

To: drsvelte who wrote (1128)	7/17/1998 9:54:00 AM
From: drsvelte	Read Replies (1) \| Respond to of 14427

Well, the Internuts tanked early and I covered LCOS at 68 3/8.