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To: BigBull who wrote (42420)	4/16/1999 3:00:00 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

UFAB - I don't think there is a big fear. It simply broke below it's 50 dma and retested support. I think someone wanted to unload some shares too. The selling appears to be over and it'll quickly shoot back to 8 1/2 soon. The only downside to UFAB is the estimates are too high (even by the company's admission). There are only 2 firms covering the stock. UFAB feels comfortable with 1.50 next year but one firm has 2+. I think the analyst is simply slow in revising his numbers. I'd rather see estimates lowered and then met or exceeded by UFAB. We'll see. As for your price target it's hard due to overall market being overvalued, but at the least it'll retest 12 within 90 days imho.

To: BigBull who wrote (42420)	4/16/1999 3:37:00 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

Douglas, a very interesting article on plunging supertanker rates. This has got to be a dead giveaway that the Arabs ain't shipping. Wall Street can wait all it wants to see compliance. But this tells me OPEC is SERIOUS this time. Comments? Energy News Fri, 16 Apr 1999, 3:30pm EDT Persian Gulf Supertanker Rates Flounder on Ample Availability London, April 16 (Bloomberg Energy) -- Persian Gulf supertanker rates remained at five-year lows amid ample availability and limited demand, brokers said. The rate for a 250,000-deadweight-ton supertanker sailing from the Persian Gulf to Japan was assessed at Worldscale 37, unchanged from yesterday. Rates to the Red Sea, Singapore, and the U.S. Gulf Coast remained at WS35. ''Still very quiet out there, but I can't see rates getting much lower,'' a Connecticut broker said. ''There are technical reasons why owners just won't go any lower, regardless of competition.'' Through the end of April, there were 34 supertankers available for loading in the Persian Gulf, with 84 expected to be available by May 20. Brokers said low tanker rates in the Persian Gulf could have a ''trickle-down'' effect on rates in other regions. Supertankers ballasting to West Africa seeking cargoes may take business away from million-barrel ships that typically dominate chartering in that region. In turn, the million barrel ships may seek cargoes in areas where smaller ships generally trade. Using the larger ships quickly devours the cargoes, causing a glut of smaller tankers and forcing rates lower. In West Africa, the rate for a 250,000-DWT charter to the U.S. Gulf Coast slipped WS2.5 points to a 1999 low of WS40. According to Bloomberg data, rates to the U.S. have plunged WS27.5 points since March 8. Rates for a 130,000-DWT Suezmax charter from West Africa to the U.S. remained at WS77.5, unchanged since April 7. Transportation using Suezmax charters was more than $3.00 a ton more expensive than supertanker hauling. In the Caribbean, rates for 50,000-DWT charters to the U.S. rose to WS130 from WS125, with at least seven charters reported. Rates for 80,000-DWT charters to the U.S. Gulf and Atlantic Coasts were unchanged at WS115 and WS117.5, respectively. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.