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To: SJS who wrote (7983)	3/29/1999 6:53:00 PM
From: JHR	Read Replies (1) \| Respond to of 14427

Steve, I've conceded that point. I just dont think it will be a disaster to the economy. Really, we've both been in these oil service stocks for a few years. I got out last June, but have just finished with some calls. When oil was $21 the stock market was doing fine as I recall. By the way I dont know about that analyst I wrote you about last week that said a $1 rise in oil was a 2 cent rise in gas. Oil is up 4 bucks and gas in Austin is up about 18 cents. We're still paying less than a buck. Sold my April calls on FGI,GLM and RIG this afternoon. I just cant guess this thing is going to keep rolling. I like SFA also. My old boss just took a job ther and I met the CEO a month ago. Solid people, but the stock just teases a lot. I thought it would be 36 by this time. Another note, an advisor I follow that invests in sectors via Fidelity just went back into FSESX today after havin been out since last May. He's got a good track record. Beaten the S&P the last 7 years. He never hits the low or the high, but does very well in the middle. I'm still generally negative on the market and have some puts on AMAT and some gold stocks which has been dead money for the last few months. Good luck, I enjoy ya'lls posts.