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To: marc chatman who wrote (30693)	10/14/1998 10:25:00 AM
From: Jamey	Respond to of 95453

Wednesday October 14, 9:24 am Eastern Time Global Marine Q3 Dil Shr $0.27 Vs $0.53 (This is a headline-only alert, although it will likely be followed by an article soon) Yahoo! Santiago

To: marc chatman who wrote (30693)	10/14/1998 12:00:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

marc; ... catching falling knives VTS is turning today off of big volume - many nice 10-15,000 share buys... If VTS finishes up off of a near 1 million share day - It's bottomed, period. FGII is taking heavy tax loss selling from what $9 to $40 and back to $9 - this one has some huge tax losses for institutional sellers. I do think that the tax loss sellers who have to dump here (many on a October 31 Fiscal Accounting Year End) Will buy again ... I still say the worst case scenario downside of what ? - $6-8 FGII (I say we are at the low here $9-10) is offset by a $18-24 FGII in a moderate Crude price enviroment and $26-40+ in a strong Crude price enviroment... hell even if it goes to $1 we are still looking at --> down $8 versus up $16-30 as the risk vs. reward scenario; I'll take that bet ! With these stocks at $10 or sub $10 that have sold in the $30's months ago ; FGII VTS GLBL VRC FLC etc. - after we see their earnings come out and any corresponding tax loss selling blowoff - are strong buys both fundamentally, but technically as well... only time will tell. Without any question; we have 2 items that are undeniably true: All accross the market, especially in the oilpatch; we have tremendous longterm hold opportunities in stocks seling at 3-5-10 year lows. History has shown us what buying here at these levels returns over time. Trading here is difficult; in a market that Alan Greenspan has called ''the most difficult in history'' and where Nobel Prize Winners are going broke... what more needs to be said. Great time to be in cash or to bottomfish if that is ones style. This market and the World has soooo many issues here that it is virtually impossible to predict anything... However; we have PE valuations with still substantial earnings in many, many companies that support technical & fundamental buying here at these prices. This is not like the financials or many tech stocks where companies are losing millions of dollars... We have strong profits - in some case still record profits - like VTS; and stocks selling at absolute bottoms... no right or wrong answer here. The only WRONG move; in my opinion - is to short at the bottom or potential bottom. Watch VTS over the next 3 days to predict how institutions are behaving; and give FGII a week after their earnings announcement- unquestionably it will see selling into strength if the release is positive; but this early selling tells me it will not be so... and we are seeing tax loss selling now in FGII. We will see a November repeat September's bounce imho; especially if API #'s are good or OPEC has good news forthcoming; along with crude prices remaining steady. No turn on a dime, but a bounce again and then the slowww road back... where crude oil prices and earnings will be the obvious acknowledged drivers.