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To: Thean who wrote (7713)3/10/1999 5:50:00 PM
From: drsvelte  Read Replies (2) | Respond to of 14427
 
Thean, I think you're read is right-on. So far, a repeat of last year' screenplay. I bought some DO near the close as it had not advanced as much percentage wise as some of the others. I will look to add RIG, SII if this rally gains mo-mo. GLBL and GIFI up strongly on McDermott buyout rumors.

A column in theStreet.com reports that oil analysts have factored a 1.5 mil barrel production cut in these recent crude price increases. So if a Bigger cut doesn't materialize in the meetings on the 23rd, there will be some disappointment. And you know what that means.

You be OS Dude, so keep us up-to-date on your take of the market movements!



To: Thean who wrote (7713)3/11/1999 12:50:00 PM
From: Peter V  Read Replies (1) | Respond to of 14427
 
Thanks Thean. I resisted the temptation to enlarge my RIG position at 20, now obviously a mistake. My average is 23.4, so I have about 2 1/2 points so far, will likely sell small increments starting at 27.