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To: waverider who wrote (2597)	9/7/1998 3:01:00 AM
From: Dragon 1	Read Replies (2) \| Respond to of 14427

Diamond, I was looking to shorting EK, too. Yet how could this one be sitting on a pe of 122 without getting scathed big in such a downturn? Did the company have something other likes don't? So far it only dropped a hair compared with its all-time high. Could you go so far as to explain to me why it should or should not remain so. TIA

To: waverider who wrote (2597)	9/7/1998 10:36:00 AM
From: PnclNk	Read Replies (1) \| Respond to of 14427

Anyone know how to get gold prices today?

To: waverider who wrote (2597)	9/7/1998 2:18:00 PM
From: Thean	Respond to of 14427

Just looked over the driller charts and something is brewing. The key thing I saw is that we have quite a number of them breaking the resistence trendline (connecting peaks of the downtrend line of the past 3 months) on Friday. RIG is the front runner here. One can put almost all offshore drillers up and they either have broken this trendline last Friday or right at it. A few of them also ended up near their upper BB's. I interpret this as a shift in sentiment (we already have at least three days of higher highs in most cases). In the old sentiment of the past three months, the drillers got shot down everytime they approach the top of this trendline. I think we are passed whether there is a shift in sentiment but the next question is how long will this enthusiasm continue. With oil stuck below $16, I can see 50% bounce from their bottoms with a shift into the buy commodity sentiment, then some retracement especially if there is a real meltdown in the financial markets like BC resigning or something. I like VRC, FGII, DO and NE long here but will trade and not buy and hold. Looks like Tuesday will be a huge open but it is the close that counts. I think the financial stocks will get a big boost from the rate cut speculation and thus I will cover my KRB and AFS puts. If things turn sour by the end of the week, I will buy a farther out puts on them again. Again, one gets rich by selling too early, no sense risking the easy profit so far.