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To: marc chatman who wrote (27105)	8/5/1998 1:33:00 PM
From: SJS	Respond to of 95453

13:20 ET Indices Losing Steam: Dow +21, Nasdaq +5.53, S&P +4.3. NYSE lifts trading curbs... Intuit (INTU 50 3/4 +6 23/32, +15%) continues to climb... Sun Micro (SUNW 48 3/8 +2 15/16, +6.5%) common stock and options rallying on takeover rumors... Oil drillers: When will the bleeding stop?... AOL (-3 1/2) volatile, but has traded in the red for most of the session....

To: marc chatman who wrote (27105)	8/5/1998 2:28:00 PM
From: A. Fineigler	Respond to of 95453

OK so we're down in a major way and there seems to be no floor to the fall... Now how do we profit from this ? Obviously, timing the bottom and acting on it can yield rich rewards. But who the heck knows when we reach bottom before the fact ? No-one. So, back to basics. Look for decrease in supply - OPEC, well shutdowns, war, or other long-term major disruption of oil supply. Look for increase in demand - very cold winter, Asian recovery, sig. increased economic activity worldwide, etc. Then, when signs of something promising are sighted, name your poison. Which companies will rebound first and farthest ? This is all obvious stuff that has been discussed here ad infinitum, but it needs to be borne in mind if you're feeling depressed about the depressed OSX. There is a superb opportunity building here, which is great news if you have some reserve cash to take advantage of it. The OSX will come back, such that we are not losing money on already purchased good-quality stocks. Just a matter of time. So don't sweat that. This is just one huge opportunity brewing that will yield great returns even if you miss the bottom by the first 20% or 30%. All IMHO. I'm no Soros. AF