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To: drsvelte who wrote (1283)	7/23/1998 1:04:00 PM
From: Thean	Respond to of 14427

Doc, MU is still the best semi to short in my book. If it closes today below 27, it may begin its journey of surfing lower BB lower. INTC needs to break below 81 to decisively turn the tide. Otherwise it is dead money between 81 and 85. Already in MU and INTC puts. Sold FGII at $24. Five out of five. Bought FGII at $22 3/4 today. Could be too early. That evil tower has been at 41 7/8 - 42 3/4 all day. When will it break? May the good force be with us.

To: drsvelte who wrote (1283)	7/23/1998 1:08:00 PM
From: bw	Read Replies (1) \| Respond to of 14427

Made a little trading ESV today. Sold all NE that I was holding for small loss on earnings report just released. [I posted on SD board]. They seemed to have missed by .02, with very cautious statements about dayrates. Utilization is also down. Keeping small stake in FLC in the 15's that will be my only oil stock holding until things improve... CNBC energy analyst predicts oil in the 12-13 range a possibility & also mentioned weakness for the drillers on reduced E&P going forward.[well,duhhhhh]