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To: SliderOnTheBlack who wrote (25919)	7/17/1998 10:20:00 AM
From: Wallace Rivers	Read Replies (2) \| Respond to of 95453

Slider: Not to mention Jimmy Rogers touting "La Nina" on CNBC this AM. I feel that weather phenomenon will be a reality (much colder weather this winter in N. America), which should drive oil prices higher.

To: SliderOnTheBlack who wrote (25919)	7/17/1998 10:30:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<Morgan Stanley, DLJ & SliderOTBlack -- ''call the bottom''....<VBG> It is all ways a good idea to beat the ''crowd'' to the party... .......finally; these guys are discovering :>> Well, maybe. I'm assuming you are not touting these stocks in order to get a spike to sell into. With the others, I'm never sure.

To: SliderOnTheBlack who wrote (25919)	7/17/1998 11:05:00 AM
From: SJS	Read Replies (4) \| Respond to of 95453

Slider, I am not getting into this fray by any means. However,I just want to put all this into perspective: 1) Just because Morgan is reported to be calling the bottom doesn't mean sqwat. Houses have been beating the drum on both sides of this for a while now. I think you'll agree we just have to see how it plays out. If we get cheating, it won't work. If Iraq get their sanctions lifted, it won't work. I again think you'll agree it's at a very fragile state right now. I'm an optimist too, but a realist as well. It's feels like a bottom, yes, but may need more confirmation. 2) It all depends on the price of oil. Granted? 3) This may be a ST bounce. It's in play now. Again, it may NOT be the bottom and we go down some more. 4) The confluence of a number of factors derailed a fast oil train last year. I didn't see it coming, and many people here who are a lot brighter than me didn't either. I sold a number of positions for positive money (PDE,NE,MAVK, MDCO) at levels I only dream about today. I kept others that I am now underwater in. However, by listening to people and then deciding, I won a few battles and made some dough. That's what it's all about. We all know what prognostications people made and make. We should all be grown-up about admitting mistakes and learning from them. Taking kudos is part of that, too. Being humble is, as well. These are all generic statements, BTW. I guess my point here is that I hope you make money here with this bounce, but listen and be vigilent to signs of a return to the downside. Also keep and eye for more green lights on your runway. There are many people here that share information willingly. That's what the spirit of this thread is all about. Make a million, man, However don't discount what other smart people try to tell ya. You don't have to do it, but do listen. Regards, Steve