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To: Mike da bear who wrote (20053)	2/17/1999 1:10:00 PM
From: Lucretius	Respond to of 86076

as I've said before, i think the drillers are going to make a big bounce soon (beginning tomorrow?) but they will hit new lows this Summer when a US recession is priced into oil. THEN the bottom is in. Look at gold for a similar pattern that it went through in 1998. Gold will obviously explode and keep going.

To: Mike da bear who wrote (20053)	2/17/1999 1:18:00 PM
From: yard_man	Read Replies (1) \| Respond to of 86076

I own it, but don't want to tell you where I bought ... I will load up if it gets in the 4's, but not before. As you probably know, Soros took a 7% stake in it. Maybe he is still in, eh? There have been rumors of DO buying it. I'm waiting for that low LT is talking about. I'll probably put as much into that PEO closed end MB has been talking about at that time as well ... I think commodities will be the play of 99 ...