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To: Starlight who wrote (28445)	8/27/1998 11:35:00 AM
From: Intel Trader	Respond to of 95453

I made a comment a couple of weeks ago re SLB and waiting/watching for a bottom/reaction area between 50-55. That was breeched and I then suggested 46-50. 46-50 has been breeched as of today, and there still does not appear to have been any panic selling -- still quite orderly. As of today, I have to change my thinking on the range for where a reaction in SLB may occur. as a rule of thumb, now we must wait for the 40-45 range if a panic sell off doesn't come today. It may still not be a buy there though. it