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To: gregor who wrote (31984)	11/20/1998 2:43:00 PM
From: tdl4138	Respond to of 95453

The price of crude still dictates where this sector goes...and everything still looks weak...to say the least. With the OPEC meeting around the corner...I expect todays price action to be based on the expectations that OPEC will work miracles next week. When everyone sees how little OPEC can/will do at this point and the reality sinks in....you'll be bouncing off the bottom once again. No matter what....it's the fundamentals...

To: gregor who wrote (31984)	11/20/1998 2:51:00 PM
From: articwarrior	Read Replies (1) \| Respond to of 95453

I don't think I said only fools would short this sector but did say not good idea to go for shorts cause a squeeze right now would come quick. But on another note check out this...It ain't over yet! 11/20 14:18 Iraq raises objections to weapons chief's request UNITED NATIONS, Nov 20 (Reuters) - Iraqi raised objections on Friday to a request for information by chief U.N. weapons inspector Richard Butler, saying it "seems to be provocative rather than professional." Referring to the U.N. Special Commission which Butler heads, Riyadh al-Qaysi, a senior Iraqi foreign ministry official, said, "We hope that UNSCOM will discard this unprofessional approach which would unjustifiably lead to the prolongation of work, and thereby maintaining the inequitable embargo on the people of Iraq." " Is this the next leg up?" Since we did not see a triple bottom ...yet...but are seeing higher lows this is a good sign for the next leg up..like RGnpin said "if this is not a fools bull rally." But remember some of this action is due to good old options covering. I enjoyed selling my puts on FGII this am. Made some good money on the way down..especially liked my put return on lead headed Keg. Hope prices move up soon for Keg or we will see some companies face down soon.