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To: The Perfect Hedge who wrote (3995)	10/9/1998 9:35:00 AM
From: 007	Read Replies (2) \| Respond to of 14427

Beebs, be careful for we could easily have a multi-day bounce before a big drop.

To: The Perfect Hedge who wrote (3995)	10/9/1998 10:21:00 AM
From: Thean	Respond to of 14427

Beebs - keep mentioning those pie eating times we had with the drillers and people should learn. What a joker rally at the open! Wanted to go long but they all gapped up. Now I'm back to shorting them again. <GG> I'm waiting for a reversal in gold late in the day going into the weekend.

To: The Perfect Hedge who wrote (3995)	10/9/1998 12:17:00 PM
From: SJS	Read Replies (1) \| Respond to of 14427

There is an underlying Massive struggle going on today - again. With Ralph and Abbey now targeting 6500-7000, and we're at 7800 how the %^&#* can anyone be long? What's the reward compared to the risk? There's so little upside-- 100 or 200 point MAYBE, vs downside 600-1000. Maybe at 7200 the relationship changes, but not here. Let em go long. Bears have the bulls cornered right now. Earnings will not get better even with rate cuts. If you want to go long now and hold, you'd better be a great stock picker. Anybody feeling squeezed yet? Hope not.