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To: Thean who wrote (7191)	2/5/1999 8:27:00 PM
From: drsvelte	Respond to of 14427

RIG is now just 1/2 pt higher than DO. I think RIG has been higher than DO since the fall of 1997, always 1-5 pts higher. If this gap gets any closer, one can play the very conservative long RIG short DO spread. Everything being equal RIG is preferred over DO, unless some buyout is in the work for DO which I highly doubt. I've noticed that diminishing gap, but your spread is really neat! I am holding FGI, GLBL, and MRL and but not playing the drillers right now. INTV - really no thoughts here. I was long this stock in September but haven't followed it since. LT brings it up, so I posted this link. Folks seem to be getting more nervous - this is good! But I just do not see an August selloff or and October decline in the cards. My totally gut view is that we will bounce pretty good next week. VTSS is becoming a horse.

To: Thean who wrote (7191)	2/7/1999 2:51:00 PM
From: MARK BARGER	Respond to of 14427

Hi Thean. I've out of town for over a week. The last time I posted here I gave my thoughts on why the OSX was the low risk, high reward play. My largest holding by far is FGI. They're earnings are out on Tues. FGI is up from 10 to 12 1/8 in the past week. FGI will earn $1.35 in '98 and is estimated to earn $1.83 in '99. All this for $12 a share. I don't know if the OSX has bottomed yet, BUT I do see FGI at least close to 20 by year's end. They are THE "on budget, on schedule" rig fabricator of choice, still with a huge backlog. The NASDAQ looks sick to me. I'll be amazed if once again on Mon. the buy the dips mentality kicks in again. Should be an interesting week to say the least. Mark