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To: Thean who wrote (1195)	7/19/1998 10:08:00 PM
From: Thean	Respond to of 14427

I find this new twist on BB charting very interesting at Doug's Option site (registration is free and well worth it especially for those want to learn more on options). I did send him stuffs in appreciation for his contribution. webbindustries.com The key here is he has the relative position of the price within the BB channel and superimposed with the volatility (width of the channel) on the same chart. I will start tracking this to see if there is added value to the more conventional BB charting. On theory it sounds pretty good because here we can see if a major bottom or top is more or less likely following a sharp climb/decline. Anyone interested may want to study this yourself first and we can compare notes.

To: Thean who wrote (1195)	7/19/1998 10:12:00 PM
From: bw	Read Replies (1) \| Respond to of 14427

Well, I thought as much... These supply companies seem to have more of a chance to hold their own than the drillers, and perhaps even rise a bit in coming months. Each has its own story. FGII-strong backlogs, VRC-takeover?, EVI-best valuations... They are, of course, coupled with oil prices & other OS stocks, but have ridden the roller-coaster down with the drillers and are in fact be better positioned to survive intact the recent collapse of the sector. That said, I will most likely continue to trade the sector shorter term...since it's not within my comfort level to weather the carnage that has been experienced by those buy & hold average downer types...