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To: Peter V who wrote (7725)	3/11/1999 1:26:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Pete, I would not call it a mistake for not buying at $20 unless you knew the outcome and resisted. No one knew the outcome. If you look back on history and remember how the drillers were traded, one should come to an easy conclusion - make sure the profit gain will not slip away. The chance is they will if one waits too long. Over the long haul, it is much much better to have many smaller gains than one huge gain that one can pay LT capital gain on. These stocks trade in cycles - big and small, long and short. Sentiments shift were the result of the type of traders/investors we have in this group. Therefore, in a sense, the price movement were primarily driven by the greed/fear cycle of this group of people. Timing is everything in making money out of the drillers.