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To: drsvelte who wrote (1265)	7/22/1998 5:05:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Doc, that damn tower has been bothering me ever since it did me over. <gg> This time I'm breaking all my rules and go for revenge. I know this is a dangerous move and against all I stood for but after seeing your being the lone bearer of SCTR for so long, I couldn't help but to join you in the righteous cause! <GG> Don't tell me you sold out today... I don't want to tout my own horn here but it is true that I am four in a roll with profit trading FGII and VRC since last week. With today's FGII trade, I'm counting on five in a roll. In days like this morning when maximum panic occurs, it pays to study the intraday chart and see when and where people decide to reverse course. Today the time was midday. As far as my experience on these drillers go in the current downtrend this buy-on-the-panic and sell-on-the-rebound trick almost always works. The key is to not be greedy and follow the 1-2 punch motto - 1) sell into strengh and no but's and if's; and 2) protect profits or cut losses with stops. I have never shorted the drillers all these while. The story on the street about BHI is it is restructuring Western Atlas's purchase contract so that they don't have to pay them as much in response to recent slide in crude prices. This will put another damper on the value of all drillers and OS companies.