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To: SliderOnTheBlack who wrote (39152)	3/7/1999 11:49:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Iranian press taking a more optimistic view on oil prices. Another "staw in the wind".

To: SliderOnTheBlack who wrote (39152)	3/7/1999 6:08:00 PM
From: Greg Jung	Respond to of 95453

I would tend to go along with the view we are close enough to bottom, in most of the secondary stocks, to stake a bigger position ... however I think the recent pop was an anomaly, a failed rally and we should get another dip in the premier names such as SLB especially. I've got a half-position for long-term hold and am looking at issues such as FLC, GLM, NBR for bottom-fishing trading play ... all of which have obvious LT possibilities but given the climate I'd like to be in well below the hypothetical "baseline" level - in where a market sentiment fluctuation wouild certainly allow exit for profit and yet where loss of value should not be too severe. I.E. I suppose if I see SLB trading ok near 40 again I should pick some up - this will be traded up by market players on any news. For the lower-priced shares I don't see a good basis for evaluating the bottoming prices. I am especially suspicious when an issue has hovered near apparent support at $5; I believe an artificial restraint is imposed at such prices leaving the appearance of a true bottom. Below that the next level of symbolic significance is $2. Anyway as an open question, which are the cream of the secondary stocks with high leverage to upside yet with viable LT survival and selling near the fundamental limit of bottom valuation? I am looking for a second issue to complement my HMAR holding. Greg