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To: Intel Trader who wrote (26176)	7/22/1998 9:27:00 AM
From: Wallace Rivers	Respond to of 95453

...and more of mine: Mike Holland, on CNBC Squawkin' this AM, mentioned oils (I specifically remember XON), not necessarily recoing them, but seeing them as a good investment for the turn (again, not knowing when the turn will come).

To: Intel Trader who wrote (26176)	7/22/1998 9:27:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Maybe, but when a stock breaks below long term support and starts to set new 52 week lows, down is usually a better bet then up. Another way to look at it is that SLB currently trades at a PE of about 23 (I know PE doesn't matter right now, but humor me). One of its peers, EVI, trades at about 14x earnings (taking out the extraordinary merger-related items). Maybe SLB will be coming back to the pack, at least some. It could hit the analyst's target and still trade over 20x. Heck, it's only 4 points away from the target, so what's the big deal? It could be there today. Then maybe he'll reinstate the "hold."