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

To: bw who wrote (7846)	3/18/1999 11:01:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

bw, Improvement or not, the driller's fate is at the finger tip of oil price. I do not expect oil price to continue its upward march beyond $16 1/2 by next Tuesday (OPEC's meeting). Life after the OPEC meeting will be puzzling for many who entered late. Life after OPEC is no fun if you know what I mean <GG>. Can you think of a thing or two the street will focus on after the OPEC show is over? <GG> I still have NE and RIG but will sell them between now and next Monday. I am preparing myself to trade on the short side after next Tuesday and will use oil price as my guidepost. Steve - I always like the relative price movement between RIG, DO and ATW. They are more or less in equilibrium with one another give and take a pt or two. But at times their difference can be significant, especially ATW being the laggard of the big two because of its relative small trading volume. But one has to be patient on ATW though because it may not move on a day where everyone is moving 10% so it can be frustrating. But then it also has a tendency to make up that 10% by moving 20% the next day.