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To: rocklobster who wrote (27102)8/5/1998 1:20:00 PM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
Doesn't anyone else find it perverse that a nice rally in oil takes these stocks down another 4%?

My theory now is that they won't come back until the institutions have a long time to forget this bad episode. Several years. I am looking now for any trading rally to begin liquidating. If they go down further in the meantime, so be it. I couldn't feel any sicker than I do now.



To: rocklobster who wrote (27102)8/8/1998 11:56:00 AM
From: stevedhu  Read Replies (1) | Respond to of 95453
 
Richard Yellott, I was in New Orlean's this week on business and missed all the excitement, story of my life, but thanks for the wake up call, nice of you to remember. I'm glad I made a few bucks in my real job because I didn't in the market. I'm a little gun shy at this time because of the sucker bounce's we have had the past few month's and I want to see a little more proof. If in fact the sector start's coming back or establishes a consistent trading range I'll do some conservative put's and call's to make up for some of the BDI's in my portfolio. I'm going to have plenty of time to work on it starting Aug. 19, I'm having spinal surgery on my neck and will be grounded and
therefore off the road and work for about 6 weeks. It's going to be a real "PAIN IN THE NECK", if you know what I mean. I'll need to make a few bucks in the market to make up for the loss of commission checks, or tap the savings Acc. which I'd prefer not to do.
Thanks again and Take Care
Steve