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To: The Ox who wrote (5879)	12/7/1998 9:56:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Drillers - the strong surge today across the board is "guaranteeing" that the high tomorrow will be a higher high than today. The real question is will tomorrow's low being lower than today's high. I looked at a lot of driller charts today and a lot of them are showing a crossover into the upper BB, which signals no end in sight until at least it reaches the upper BB. Further, they all show bullish looking candles. A gap up or a strong move up after open is all but certain and for short term trading one can set a higher price 5% higher than today's close and expect it to get executed with a good chance shortly after open. I see the following two likely scenarios based on my past two year experience with this group: 1. If the stock price pulls back and fill the gap and then it reverses back up, it will be a good bet an even higher intraday high will be achieved. It therefore makes sense to add/take up position immediately after the initial pullback holds. 2. It trades up and stays higher in a tight range all day, then it either stage a small dip or an upsurge 30 minutes before close. A dip does not mean the current rally will end, but it sure signal the initial technical rebound phase is about to run out of steam. A continuing upsurge late in the day would mean a momentum carryover to the next day and it would be a good bet to take up position for a low risk return overnight. MLIN - tomorrow's resistence is 6 1/8, support is 5 3/4. Longer terms this is a breakout stock so I may hold until it breaks off from its upper BB surf. Doug R's other pick WSTL is also doing well today. Great picks.

To: The Ox who wrote (5879)	12/8/1998 9:12:00 AM
From: SJS	Respond to of 14427

Mike, This is an interesting analysis I got from ABS: _____________________________________ You can see how the sectors and factors have been playing out recently. The big cap and hitech emphasis is indicative to lots of money in the hooves (?) of the bulls. To take another look, we isolated the big cap stocks i.e. over $10 Billion. We cut this big cap universe three ways. By beta, market cap and PE. The biggest stocks (worth between $30-270 Billion) outperformed the midcaps (under $20 B.) by over 2% since Oct. 25. And they have done particularly well in the last 4 weeks. High betas (above 1.11) beat the low betas (below .85) by 8.5%. We can guess this will continue until the market reverses...makes sense. High PE stocks (above 29 ) beat low PEs (below 20!! ) by 9%. Since late October, this story has been repetitive and I apologize to those looking for more plot development. Afraid to buy the risky stocks? Just buy the S&P 500 and hedge with just about any stock you can find on the NYSE that's not a tech and less than $10B in market cap.