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To: SliderOnTheBlack who wrote (44490)	5/11/1999 1:26:00 PM
From: Douglas V. Fant	Respond to of 95453

Slider, 80/20 E&P's vs OS is where I'm at roughly too....The BARRA Value Index confirms a breakout on the upside, after five years of sideways consolidating motion in value stocks. Cyclicals are in that group. So agreed, RIG looks like its downside support line is actually about 1 1/2 points lower than the current price- but I thought that one better start buying a few shares now as we consolidate after our first upside move in cyclical stocks....My concern long-term is of course is how many legs, length of cyclical upside move.... I bet that RIG goes eventually back into the low 40's....