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To: William JH who wrote (35914)	1/27/1999 10:23:00 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

William JH; ie: Richardson's trip... I think the offer to let Iraq return to its full quota is a somewhat ''empty'' or at least 1/2 full glass. Iraq can not return to these levels overnight because of infastructure in disrepair. - Also, would anyone be surprised if OPEC agrees to new cuts, we look good in the worlds eyes as the ''humanitarians'' that we are, by ''offering to let IRAQ return to full quota production; and then bombing the hell out of their (Iraq's) production infrastructure 6 months from now, when further OPEC cuts are agreed upon... Maybe the US isn't as stupid as it appears to be - by ''publically'' supporting the humanitarian approach to letting Iraq increase production and then ''privately'' - knowing they'll never be allowed to... The USA gets to gain favor with the Arab World, gets to use this as leverage to twist the Saudi's arm production-wise and still get to punish Sadamm for 'any'' future transgressions... PS --- with headlines like this today; couldn't get much more ""Gloom & Doom'' oriented; I think we can comfortably say - that unless we see huge big block selling and high volume accross the board - we are NOT going to new lows... maybe retouch 45 on an intra-day low but 48-50 seems to be support for most stocks imho... If this doesn't cause mass selling - it is NOT going to happen ! The Earnings are basically out for the major service and Intnl Oil co's - it's all out there... Now go buy those dips !!!!!!!!!!!!!! ie: <<MOB Alert: Mobil Says Business Fundamentals Continue To Be "Unpredictable" - Reuters Securities>> <<HLX Halter Marine to restructure, cut jobs - Reuters Securities>> <<MDRAlert: Mcdermott International Says Marine Volume To Be Cut 35 Pct In Fy 2000>> <<SDC Santa Fe Int'l sees lower profits in 1999 - Reuters Securities>> **** If we don't have en masse selling here; when will we ? Funds will be selling through month end - good buying opportunites imho; keep some cash for any unseen ''Big Kahuna's'' - but, I don't see any.... I see any 5-10% dips in any strong companies here as ''the'' bottom; this includes the RIG RONS WFT's of the world - sure; HLX, FEN, KEG and high debt companies could go lower, but this is the time to separate the leaders from the rest of the pack; - simply buy the leaders...