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To: upanddown who wrote (31235)	10/29/1998 8:00:00 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

John C; great ideas on the options I agree; GLBL & VRC are still cheap and on any retracement here - become ''screaming'' buys again. VTS is still highly undervalued - I see $16's as bottom support for Veritas. HLX indeed has virtually no downside; it is one of the last stocks to move here & still has 60% upside just to its Sept. price levels. Selling puts at these ''bottoms'' is a great strategy with these premiums... Personally; if we get some support & basing here accross the board, and any positive news from the OPEC meeting; I expect HLX to see $11-12 by the end of Nov. - I'll trade it on max margin due to the limited downside risk. - I wouldn't be trading those stocks that have made 50-60-70% runs here (on margin) though; as the retracement potential could be substantial given our allmost unpredictible volatility. HLX is virtually at an all time low - other than the 3 day dip to the $6's and I'll average down to that if needed. What I like about VTS & HLX is they have huge upside EPS capacity and little downside given their backlogs and current price levels. good luck PS; per Diana's post; OPEC has come about 75% of the way home... This final turn with just some additional cuts, combined with the uptick in Winter demand and ''some'' signs of life in a few Asian Countries demand-wise; has OPEC poised to reap big rewards with just a little more effort... I can't believe they they would ''fold'' on the final stretch - with the ''finish line'' now in sight. If I were a crude trader I would have to be thinking that OPEC sees the light; as to how close they are to ''fixing'' the problem and turning the corner... but then again.....?