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To: Platter who wrote (33342)12/22/1998 11:23:00 AM
From: Mike from La.  Read Replies (1) | Respond to of 95453
 
So far, as most of the producing companies announce their cutbacks in spending for 1999, they are universally saying that they are maintaining their deepwater, and much of OCS spending. Perhaps a signal that the offshore service companies' earnings will not be hit as hard in '99 as the market expects.

Mike from La.



To: Platter who wrote (33342)12/22/1998 11:26:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Platter: Indeed looking better here, but the key will be how we close. A final hour selloff would be very bearish technically. But if we hold the gains or even add to them then perhaps the worst is over and another strong run will be underway.


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