I've only hunted antelope once, and that was with a rifle. However, during my hunt, I saw what Moose is talking about. I watched a nice buck with a pretty good group of does for about 30 minutes trying to figure out how to stalk close enough for a shot. While I watched him herding the does in a fence corner, I noticed him spot something, so far off I could't tell what it was with a pair of binoculars. A few seconds later, he literally ran along ways toward what he saw.....it was a smaller buck who was approaching his ladies. He ran up to him and chased him off...and blew my chance at a stalk. Water hole is good, but I'd say a waterhole with a decoy might be AWESOME!

Good luck!