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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (2040)	8/23/1998 9:59:00 PM
From: Thean	Read Replies (3) \| Respond to of 14427

Thanks all for giving me the buying new computer pointers. I have been going through some of the links given and the amount of info out there is simply overwhelming. Since I also use the computer to play games in addition to internet access and doing spreadsheets, I believe what I really need is the 100 bus computer with 350-400 Hz chips. Guess I will have to shell out more cash. : ( Just scanned through some of the recent SD postings and what an unpleasant place it has become. Investment loss stresses can do an about face to people's sensitivity and good humor. The SD thread has indeed succumbed to this problem as permabull speculators like slider and company has run the place way too far to the left (or right?) from the center. Got a chuckle from Greg M's reply to Slider: "You see more bottoms in a month than my proctologist sees in a year". LT - your name has been mentioned again over there and this time the space within one of your internal organs had been mentioned. Don't think you want to know where or what it is. Don't think you offended anybody lately over there have you? <GG> Drillers - Michael Happel has a nice post over there and it echoes my thoughts on the drillers as well. At this juncture, I would still say making OS money is easier by going short than long. But versus some other bloated companies out there, I would not be too aggressive in shorting them. Again I am not a bottom caller and the only advice I would offer that is pretty sure is the bottom will be marked by a pretty extensive base building somewhat similar to the one we saw in March. However, I would not discount a choppy sideway action for 3-6 months with some good headfakes. If the offshore companies are choosing to stack versus taking reduce dayrate, then with sub-$15 oil price we may see some stabilization of the driller stock price to allow them to go sideway for 3-6 months. Otherwise, with the continuing decline in dayrate now crawling into the deepwater territory, the sector is doomed until oil price turns. There is no way around this. I would pay attention to Big Dog's intelligence to get a feel for rapidly changing fundamentals. But now I think he's quit his job again but I hope he keeps his contacts up to the minute. So far tonight Asia is in red and S&P future is down. Regarding BBY - I have wanted to put it a month back but the pressure down was indecisive. In hindsight, it pays to wait. I will keep a close eye on it although the retailers have been strong as people don't believe their earnings will be affected in this global economic difficulty. Housing starts and other indicators of domestic spendings will keep this group afloat longer I'm afraid. If we do have a mini-crash either on Monday or a loss of 600-1000 points in a week, I intent to cover most of my puts and lock in the profit. There will be more opportunities awaiting. Currenly I have puts on PPG, UN, MRK, KRB, WPI and NKE. My only short remains the evil tower which is a true test of patience.