Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (53709)	10/29/1999 10:49:00 AM
From: SliderOnTheBlack	of 95453

GeorgeC; right on... snared some UPR this am - a gift $13 7/16ths... yes; financials are my other area. The small cap S&L's were at historic multiples crying for buying; WAMU etc were simply just too cheap - given even a .50 basis pt rate hike. Have to leave in an hour; but what a going away gift - OSX popping... and mark my words; we turn on a dime & run back to prior resistance of OSX 85ish - the Institutional buyers will flock by Nov. 9th at the latest, ... would expect OSX 85ish before early Dec. and probably by 3rd week in Nov.- maybe sooner (VBG) ~ PS: MHR - no smoke & mirrors; this deserves a look - and will be a huge 2,3 year story going forward - talk to industry insiders about there holdings; one caveat - high debt - read LEVERAGE the double edged sword; but - if commodity prices stay above $2.25 mcf gas & $18 crude - this is among the home run stories over the next 18 mos... biz.yahoo.com Holding only a bit of MHR - trimmed small caps here; actually I am margining on the mid-larger caps here - UPR OEI PXD. SII is still a gift - FLC lagging a bit here - only driller that really still looks "REAL" cheap imho is FLC; can't have $20 crude & $2.75+ Gas for 2 more consecutive qtrs without $20 FLC imho... Run Forrest Run.... PS: How about a 3 M boe drawdown next week ???

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