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To: bw who wrote (8032)	3/31/1999 11:59:00 PM
From: waverider	Respond to of 14427

QCOM up again today. 7+ points. Still cheap...especially with today's market fixation on anything internet related. <H>

To: bw who wrote (8032)	4/1/1999 7:08:00 AM
From: Thean	Read Replies (2) \| Respond to of 14427

bw, not to disturb you with your "still holding FLC and RIG, and not feeling too nervous either" mentality this morning, but I have the following link this morning as well: quote.bloomberg.com I think we are entering the phase of rumor mills about the negative factors that argue against the sustainability of oil price going forward. Nothing unexpected here although the timing is a tad early versus last year. The concern of OPEC cheat is just a start. Deja vu all over again <GG>?? A 15% retracement on RIG from $30 - 31 will be about $25 1/2 - 26 3/8. That also happens to be a soft support level for RIG FYI. btw, my put write order on DRMD did not get filled the other day. At this level, a better buy is Sep 7 1/2 call and I'm eyeing this today. On another related note about Asian economic recovery: thestar-malaysia.com Pay attention to the paragraph below: "He (chief of Malaysian fed reserve equivalent) said the higher growth forecast of 2% (over the 1% previous projection) could be achieved if the international environment remained favourable with no major stock market correction in the United States and no delay in recovery of regional economies." As I said earlier, the one big bright spot on SE Asia economy not suffering is the export sector (primarily electronic and semi) to the US. Interesting why he mentioned the US stock market and not the US economy as the factor to watch out <GG>. Net, if one think the US stock market is a bubble, one is not thinking far enough.