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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bill Zeman who wrote (5999)	2/9/1999 6:43:00 PM
From: Don Earl	Respond to of 78462

Hi Bill, Out of the three oil stocks you mentioned, I think my first choice would be INT. A quick glance through MEXP filings at free edgar would make me nervous to hold this one over night. There was mention in the 10Q about price supported options for some of the execs. My guess is that's where you're seeing all the form 4s coming from. It also looks like they are in the process of issuing some more stock. Probably to raise cash, which they are about out of. The last low would suggest a continuation of the downward trend line, although it appears to be over sold at the moment. My over all impression would be to avoid this one for awhile and see what it looks like in a few months. For that matter, the way the market has been acting this last week or so, it may not be a bad time to look at places in your portfolio where you can take profits and raise cash. March has a tendency to be kind of ugly, but it can also be a good time to go bargain hunting. Regards, Don