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To: Lucretius who wrote (1592)	8/6/1998 12:20:00 PM
From: bw	Read Replies (1) \| Respond to of 14427

Short Candidate: HAZ biz.yahoo.com My foray into the weak auto parts sector has opened up some really debt-ridden companies. Volume looks a little "towerish". Have a good short going still with FMO. It doesn't move wildly..Just DOWN! <g> UPDATE..."unable to borrow shares" happened when my order was rejected on HAZ...Their growth last quarter was also fairly huge..probably better short selections than this one...

To: Lucretius who wrote (1592)	8/6/1998 12:43:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

LT - now, now, don't you say nasty things about your GoldSucks broker. <gg> Steve - about when price touches the lower BB. When that happens, they typically have two choices: 1) bounce back up (usually if the second day becomes a higher high) 2) surf the lower BB lower (if confirmation occurs the second day) In the case of the drillers, they are so far gone down surfing no one knows when the surf will end. There is, therefore, an unquatifiable downside risk if one were to take up a position. That is why I asked Papaya if he can tolerate 50% more haircut. In other stocks with better fundi, people may use the hitting the lower BB as the buying on the dip opportunity. For stocks in trading range like after yet another great quarter but need to digest some of the gains, this lower BB bounce is very common. Net, it pays to know the character of the stock one is buying (or selling for that matter). Heyward - I expect a termporary spike for the drillers any time now provided the market does not just go down from here. However, we will need quite a few of these spikes to fully convince the big brothers to step back in. Net, we need a pretty convincing base building here like in March before people can better quantify the risk and willing to take a better investment shot. Those big brothers understand risk and reward very well. I see no possibility of a strong reversal and they head north for the next month. This can only happen if oil rallies to $18 and this is next to impossible even if the US and Iraq are fighting again. Therefore, the least risky way to play the drillers is to trade them and exercise supreme discipline in knowing when to enter and when to exit. A gameplan is definitely needed. Hope alone is the surest way to get killed.