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To: A. Geiche who wrote (36122)	1/28/1999 7:23:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Disagree on GLBL. According to Yahoo volume was just modestly above average today. Most OS stocks about average. The selling climax is still to come.

To: A. Geiche who wrote (36122)	1/28/1999 8:16:00 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 95453

So Geiche, did you buy any GLBL ? imho; if you caught some GLBL today at 5 1/2 to 5 3/4's you have a very good entry point into GLBL. It is good to use the 3 - thirds method on stocks like GLBL. 1st 1/3rd today at $5 1/2 - 3/4's and then set the 2nd ''third'' limit buy order near the prior low - $5 and then the final ''third'' at say $4 if a new low would be seen. I'd sell GLBL at $6 & $7 & $8 again actually ($5 15/16ths, $6 15/16ths etc)... Trade 'em untill fundamentals change ie: 1. if OPEC institutes any new cuts 2. if we see 2-3-4 weeks in a row of positive, consistant supply reductions in the API/IEA numbers 3. untill Crude hits $14 + and remains there - which will more than likely take #1 & #2 above. I think the majority of this weeks selloff is from Institutional ''trading'' when trends, moving averages and any technicals trigger their very tight trading stops. Also, do not underestimate the Mutual Fund managers who clean up & window dress their holdings at month and quarter ends; this can present individual stock buying opps - be prepared and watch for these. I honestly think we will see a 10% move the first week in Feb. unless we get a very bad API/IEA report. I also think that there will be strong speculative buying and short covering leading up to the OPEC meeting; so buying here into the face of this ''dip'' holds the greater expectation of quick rewards/trading profits than any prior cycle; as most all of the earnings reports are out, tax loss selling is no longer a factor etc. Some stocks may set new lows; but I think many will not and will turn here shortly; I like WFT @ $16 5/8ths, more RIG @ $24 3/16ths, more RON @ $22 1/2, VTS @ $11 5/8ths for tomorrow, I don't think RIG RON WFT SDC VTS PGO will revisit their 52 week lows, NE may be interesting shortly, FGI is a gift here and I can not believe it's under $12 in this enviroment. I'll look at VRC & GLBL again shortly after I fill up with RIG/RON... too many stocks, too little money... It's hard for me to ignore the major players here, RIG RON WFT are superior companies and rock solid; good choices for anyone not familiar with the Oil Sector imho. I don't personally see a huge volume selling climax here; just not the news events, or fundamentals to trigger one. I think the slow bleeding is about to turn - by mid week next week.