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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Slava Chechik who wrote (7561)	2/24/1999 7:28:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Slava, EAII's current negative is its lack of volume. Understand that on the weekly chart it also appears to be making higher low but the volume has really fallen recently. I would just keep an eye out for it. Drillers - I notice a slight increase in trading volatility but with oil surging the last two days they should have done much better. What it appears to me is people (especially larger institutional) are selling on the strength. I'm not interested right now because of the continued likelihood of dead money investing in them. When the major oils reverse their ever declining exploration spending, that is the time to get in. Other than that, one can trade upon extreme price compression (like after a series of steep selloffs). The current one was an initial compression but that strain has been released somewhat by the sideway action. The next phase may be more compression rather than a rebound. If there is rebound because oil spikes up temporarily, that should be used as an opportunity to sell IMO. Alski and Doc - totally agree that SPNSF is lacking volume and I didn't see much large blocks at all. I would be very cautious today.