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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (6432)	1/7/1999 9:16:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Doc, do you notice IQC site is very slow nowsadays? I would like to know if others also encounter slowness on this site. I hope it is not Megsinet's traffic problem with this site. Drillers - they are staging a strong near term "comeback" with selected offshore drillers like RIG, NE, SDC, DO breaking through their resistence lines for the last month. Knowing the mo-mo mentality of the investors in this sector, I think they may continue to march higher as long as oil price does not suddenly drop $0.50 for whatever reasons. If as a whole group they continue to march another 15-20% higher, then their breakout resistence lines may become the next near term support lines. I would pay close attention to RIG as it is the leader of the pack. However, if things turn sour especially if oil prices fall back below $12, this group will again be subject to the familiar collapse as shorts come back. Net, I will not short right now, may trade on the long side while monitoring crude prices, and wait for the overbought to develop and then go short. FLC - Mike asked about short term FLC TA. This one is fuzzy but I would say resistence is in between 9 1/4 - 3/4. A successful close above $10 would be a strong momentum builder for the next wave. FLC is one of the weakest driller. Its barge and shallow water fleet is not helping its fundies near term. Vitamin makers - the surprising surge on GNCI today may provide some strength for the entire group. NBTY has a good chart going for it and considering everything, it has the best value of the three (RXSD, TWLB and NBTY). If GNCI's mention of setting internet virtual stores got its price cooking today, NBTY will certainly benefit. Again, I'm of the opinion that selling vitamin over the net is a lot more difficult than selling comodity items like books and CD's, but we know better how the street works! NBTY needs to close above $8 to pick up the next wave of buyers.