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To: Mark T. Heath who wrote (146)8/10/1998 3:00:00 PM
From: RangeRover  Read Replies (1) | Respond to of 524
 
Zacks shows earnings date around Sept. 15th. Oil was up earlier in day, but don't know what is happening this afternoon.



To: Mark T. Heath who wrote (146)8/10/1998 5:35:00 PM
From: Darryl Olson  Respond to of 524
 
Article in today's WSJ noted that OPEC's recently announced production cutback's were only coming in at 50%. As a result, they predicted it would take some time for the oil glut to diminish and low oil prices should continue for the remainder of this year.

Something else is driving the price down and we are not privy to it.



To: Mark T. Heath who wrote (146)8/10/1998 9:13:00 PM
From: Stuart Scolnik  Read Replies (1) | Respond to of 524
 
looking at the chart, it seems that no one was going to buy until we hit the next support level set in late 97... if this chart is right...

the selling appears climatic with no news attached... time to buy ... scalp all the way.

Stuart

iqc.com