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Gold/Mining/Energy : Swift Energy (SFY)

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To: Mark who wrote (849)	7/31/1999 11:18:00 AM
From: PuddleGlum	Read Replies (1) of 1602

Mark- Great analysis, as usual. I, too, believe that this industry is about to embark on the second leg of its recovery. Friday I placed limit orders for EVER and WFT, neither of which got filled (market orders might be the best way to go at this stage), and I re-entered SFY with a small position. I'm still uncomfortable with the way this company burns cash, but our point and figure chart could start looking pretty good once we get a little action to the upside. APA broke out, SGY is about to, VRI is perhaps overextended, but things are looking pretty positive in general. Also look at HAL and WFT and NE in the oil services. pg

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