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To: j g cordes who wrote (1673)	7/24/1998 11:48:00 AM
From: Nemer	Respond to of 44573

Jim: I'm currently short DO from 34 1/2 but I agree that the bottom is approaching for the drillers as a whole. Just a thought brought about by this remark from you ----->must be tough to get frozen foods home from the super market without their thawing! That has always been a problem in Texas, as well as most southern states. WMT (Wallmart) opened a supercenter here several years ago. Just a small reason for their continued success, sales, ROI, and stock market price reflected , especially in the past 2 years is a superb marketing tool they make use of ....... in the frozen foods section there are several free standing "polar bag" dispensers with a sign stating that if you buy the frozen foods and put them in one of these free bags and when you get home, if the merchandise isn't still frozen ------ money back..... Heck of an idea and welcomed by me, at any rate. The heat (18 or 19 straight days over 100) doesn't really bother me at all, and I'm outside more than 4 hours during the day. The other folks are much more bothered by the heat than am I. Marilyn has been taking the suburban, leaving me the Continental for most of July... she asked the other day if I'd noticed that the AC didn't seem to be getting as cold in the Lincoln --- had I noticed ? Heck, I've not even turned the dang thing on ----- I keep the windows down and park in the shade ....... ggggg Regards ---- Nemer

To: j g cordes who wrote (1673)	7/24/1998 2:16:00 PM
From: Dennis J.	Read Replies (2) \| Respond to of 44573

Greetings! I am new to this thread, and just saw your post. I have an idea for you. Consider monitoring the oil service sector bullish percentage index on dorseywright.com. It's point and figure charting. You can buy his two books there, if you like. They have a free trial subscription for two weeks to the "cheap seats" version of their service ($25/mo vs $550 or so for the full searchable version). The BP Oil Service index is currently at 22% and going straight down. While the sector "looks cheap", it looked cheap last month also. Buying here might see it go even lower (like today?), and then you would have dead money for a while. Better to wait for the index to reverse up into a column of x's (would require a move to 25% right now). A reversal up to x's from below 30% would be a "Bull Alert", and usually a good time to buy. If you try it and like it, please let me know. Might also look at the thread "Point and Figure Charting" on SI. Good luck, Dennis Johnson