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Non-Tech : Lufkin Industries (Nasdaq: LUFK) -- Ignore unavailable to you. Want to Upgrade?

To: Todd D. Wiener who wrote (96)	8/14/1998 9:10:00 AM
From: TimeToMakeTheInvs	Respond to of 103

Thank you for your reply. I fooled around with Tidewater (marine transportation) a couple of years back and saw it recommended by an analyst lately. Also have messed around with National Oilwell in the past and made money, but not lately thank goodness. Diamond Offshore seems like a quality company. Unfortunately I wrote some Parker Drilling puts (January) and, like you, do not see oil prices recovering dramatically any time soon. Still hold both Semtech (recovering nicely, too bad you sold some) and THQI. Tim

To: Todd D. Wiener who wrote (96)	9/17/1998 1:39:00 PM
From: lofalutin	Read Replies (1) \| Respond to of 103

Todd -- These are probably naive questions, but here they go: Today, at 1:30, LUFK had a Bid price of 26 5/8 and an Ask of 28 1/4. What's the purpose/reason for such a huge spread? To my untutored eye, it appears that the MMs dropped the floor on the Bid. Why? To discourage selling? Also, if the Ask price is what I, as a buyer, would pay, why doesn't the Ask size represent the size of the buying interest, rather than the selling interest? I've never understood what the Bid and Ask sizes really mean. Thanks for any light you -- or anyone else -- might shed.