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To: DavidG who wrote (35826)	1/26/1999 10:55:00 AM
From: Crimson Ghost	Respond to of 95453

David: I did not mean to imply that new lows in the OSX are imminent. We probably are due for a bounce within a day or two. But with deflationary pressures mounting again in Asia, I do think we will see new lows within the next few weeks unless Saudi oil policy changes. Our government can change this policy if it wants to. Make no mistake about that.

To: DavidG who wrote (35826)	1/26/1999 10:57:00 AM
From: SliderOnTheBlack	Read Replies (4) \| Respond to of 95453

A great time to let these stocks ''come to you'' - use limit orders... I do not see any fundamentals for ''new lows.'' I do see a basing mode here on moderate volume. maybe - 10% yet in some stocks. I am personally anticipating some Mutual Fund Managers dumping Energy Stocks here at month end - window dressing at EOM and end of Quarter, when the sector is underperforming is a great time to pick up some buys. We have moderate to low volume here; a couple of stocks upgrades - selling into this as expected; so buy the dips. I like EVER sub $15, PGO sub $14, VTS sub $13 ,FGI @ $10, RIG in the $25's, RON in the $24's, WFT $18 & under... great time imho; to set limit buy orders and try to catch some intra-day lows through month end...fwiw. DOE sec Richardson isn't going to Saudi for his health either <VBG>. I think low oil prices are positive for anti-inflationary policy; but are dangerously teetering on crashing Oil dependant economies Globally - big time arm twisting coming soon; hence - I am buying on any major dips - but; not across the board; just my ''target'' companies. I like RIG SDC PGO VTS CXIPY SCSWF FGI GLBL VRC EVER EGAS PETD & PZE on any substantial dips from here.